RCS & RDS accused of money laundering

Cable operators of Hungary in money laundering

DigiRomanian and Hungarian cable operator RCS & RDS, and some key officials, have been accused of money laundering. The company’s parent, Dutch-registered Digi Communications, in a statement, said that an investigation by the Romanian National Anti-Corruption Directorate on 25 July 2017, RCS & RDS S.A. was indicted by the DNA in connection with the offences of bribery and money laundering.

In April, S&P upgraded Romanian telecommunications operator, RCS & RDS and its parent company Digi Communications N.V. to ‘BB-‘ from ‘B+.