Prosecutors indicted Prime Minister Victor Ponta on Monday as part of a wide-ranging corruption investigation and seized his assets, putting further pressure on him to resign.

Ponta, 42, said on Sunday he was stepping down as leader of his leftist PSD party until the investigation was completed, but he has made it clear he will not resign despite calls from President Klaus Iohannis for him to quit.

He has repeatedly denied any wrongdoing and said the allegations against him are politically motivated.