bizbrasov.ro/2026/10/22/dezvoltator-imobiliar-ares

A real estate developer from Iași has been placed in preventive arrest following investigations for fraud involving multiple sales of the same apartments. The developer faces charges of continuous fraud and improper participation in fraud, with a total estimated damage of 7 million euros. The court's decision to issue a preventive arrest warrant is not final and can be contested. Investigations revealed that between 2023 and 2026, some properties were sold multiple times to different buyers, leading to significant financial losses. Additionally, a related case in Bucharest involved similar fraudulent sales of apartments in an unfinished residential complex, with damages estimated at 16 million lei.