The Romanian leasing industry has found
itself in the centre of a heated political row after an inquest
into an extraordinary deal written in 2006.

The contract, between the Romanian police and lessor Ager, was
for the financing of an astonishing €100 million worth of police
cars.

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Now, Romanian Police chief Gheorghe Popa and interior minister
Cristian David have come under fire for agreeing to what critics
say was a vastly inflated sum for the cars.

Popa attempted to justify the procurement of the 2000 vehicles,
which included €87,000 Dacia Logans and €112,000 BMW vehicles, by
citing the need for high tech equipment (at up to €55,414 car) due
to Romania’s impending entry into the Schengen area.

This did not, however, stop Romanian president Traian Basescu
from suspending a meeting of the Romanian Supreme Defence Council
this week, citing the cost of the police purchase.

ALB, the Romanian Leasing Association, released a
statement  expressing shock at the “attack” from public
authorities on what they called “a recognized financial product
which is a leasing contract under public procurement”.

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ALB put the political fuss down to electorial campaign
maneuvering, and described it as “very dangerous for the stability
and confidence into the financial system in Romania” as well as the
functionality of public authorities.