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Basescu successfully sued for libel in after accusing Patriciu of circulating a video that appeared to show the president hitting a boy during a campaign. Basescu accused Patriciu of tampering with the film. He was acquitted of defrauding the state, money laundering and illegally manipulating markets to benefit Rompetrol. He died in a London hospital after suffering from cancer and liver disease. Dinu Patriciu is also the founder and chairman of the Dinu Patriciu Foundation, a non-governmental organisation which aims at offering financial support to talented young people who are not in the position to further sustain their studies.
In addition to these he has interests in Romanian retail real estate projects occupied by retail chains as Macro former MiniMax and Mic. Patriciu led an investor buyout of Rompetrol SA in , served on the Supervisory Board of the company since its establishment, and took over as the full time CEO in This program started with the purchase of the Vega refinery , continued with Petros SA and the purchase of a majority stake in Petromidia SA , owner of the most modern refinery and petrochemical complex in Romania.
Subsequently, TRG embarked on an international expansion program in the Balkan region, in Moldova , Georgia and Ukraine , as well as acquiring Dyneff Group SA of France, [ 5 ] the largest independent distributor of oil products in France, at the end of This latest acquisition, along with the development of its Swiss-based trading arm, Vector Energy, transformed TRG into a bridge between Eastern European natural resources and Western European energy demand. He is a founding member of the National Liberal Party in Romania and initiator of the Free Initiative Foundation, the first Romanian NGO to support free initiative and reunite the business and political communities in an attempt to support civic development.
A prominent liberal figure, Patriciu withdrew in from the Parliament and from active political life to concentrate on his business ventures. He was one of only three Romanian MPs to do so when new legislation made it incompatible for elected officials to also control significant business holdings.
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