Liviu Dragnea, the head of the Social Democratic Party (PSD), accused the local subsidiary of Dutch insurance group NN of spreading false rumors about the possible nationalization of the local private pension funds and inciting its clients to protests and called for a harsh reaction from the authorities against the company.

He also accused the president of the Financial Supervisory Authority (ASF) Misu Negritoiu, a former ING Romania CEO, of having started the whole scandal on the nationalization of private pensions by providing certain information to the pension fund NN Pensii. The PSD leader said the information was “fake” and that there haven’t been even informal talks about the nationalization of private pension funds.

Dragnea claims that the whole scandal is part of a campaign to discredit the Government and its economic and budget projections, which started in February. In February, the PSD leader accused multinationals of being involved organizing the anti-government protests in Romania.

Earlier this week, NN Pensii, the biggest private pension fund manager in Romania notified its customers that there have been public discussions in recent weeks on a possible nationalization of private pension funds. The fund manager urged the contributors to get informed about the market context.

Full Content: Romania Insider