“I know the battle is not over yet. We have only taken the first step. I only want to abide by the law,” responded Cuzman, who was reelected Saturday as member of the Board of Directors, obtaining the votes of shareholders with 16.5 percent of the company’s capital. Other shareholders, with a ratio of 24 percent of SIF1’s capital, counted for only 4 percent, after the management of the financial investment company declared that they engaged in a concerted action.
“Whoever is dissatisfied may contest the results. I am not upset at anyone. I am certain that of the 16 candidates seven are upset. Those who are upset have all the legal means to do what I consider to be correct,” added Cuzman.
Concerning the accusations made by Octavian Radu that Cuzman had tried to influence him to vote for him and his team as members of the Board of Directors in exchange for a guaranteed seat on the Board, the head of SIF1 responded: “Ten years after the privatization of BRD [Banca Romana de Dezvoltare], Octavian Radu came to me to say that he would also like to run for the Board of Directors. I gave him a ballot, but this was not secret. It was the same as that which all shareholders with 1,000 shares received. I did not tell him who to vote for and did not promise him anything. How could I guarantee him a spot on the Board of Directors?”
