Sebastian Vladescu, who served is accused by prosecutors from the National Anticorruption Directorate (DNA) of taking bribes linked to a railway contract. He says he is not guilty.
Vladescu was a finance minister in Romania between August 2005 and April 2007 and from December 2009 until October 2010, and the charges are linked to a railway contract valued at 820 million euros.
According to DNA website, bail procedure was recently introduced in Romania and it represents an alternative to preventive arrest. Since the procedure came into force in 2014, this is the first time a bail was partially or fully redeemed in gold.
The whole article can be read here.