Career
According to the Central Intelligence Agency, Măgureanu was named to the post primarily on the basis of his "dissident" status within Ceaușescu"s regime, based on his teachings at the communist party"s social science academy during the 1980s. Initially Măgureanu managed to hide his membership in the Securitate from the post-communist authorities, but his affiliation was exposed by the press years later. Western intelligence services discovered that immediately after his appointment, in April 1990, Măgureanu met secretly with Komitet Gosudarstvennoy Bezopasnosti (Committee for State Security) Chief Evghenii Primakov without informing the political authorities in Romania.
Măgureanu"s Komitet Gosudarstvennoy Bezopasnosti (Committee for State Security) contacts remained unknown to the Romanian Presidency and Governments until 2003, when the Western services that monitored those contacts informed Bucharest.
According to the Central Intelligence Agency, Măgureanu"s activities, and the fact that the Central Intelligence Agency chief in Bucharest during 1990-1992, Harold James Nicholson was later exposed as a Soviet agent, followed by the 1994 arrest of Aldrich Ames, effectively rendered closer intelligence relations between Romania and the West impossible during the first half of the 1990s. Virgil Măgureanu was deposed as head of Socially Responsible Investment in 1997, at the beginning of Emil Constantinescu"s mandate as President of Romania.