Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Three businessmen accused of misappropriating EUR 76,000 through credit

Photo: BGNES

The businessman Rumen Gaitanski nicknamed the Wolf, Ivan Georgiev, a representative of Roadway Construction - Gaitanski's company, and the former head of the Bulgarian Development Bank, Stoyan Mavrodiev (2017-2020), are accused of an unsecured loan of BGN 150 million granted by the Bulgarian Development Bank to Roadway Construction in 2019, the prosecutor's office said. Mavrodiev and Gaitanski were charged in absentia, and the representative of Roadway Construction was detained for 24 hours. 
The case was initiated following a signal submitted in October 2022. Out of the BGN 150 million loan granted, the bank can collect no more than BGN 5 million /€2.5 million/, Tsanko Arabadzhiev, the executive director of the financial institution, told BNT.

He pointed out that as early as 2021, the Bulgarian Development Bank had already submitted signals to the competent authorities regarding the loan.

Gaitanski's nickname comes from the name of one of his companies. For many years, through his companies "Wolf 96", "Ditz" and "Cleaning Sofia", Gaitanski was practically a monopoly in the cleaning of Sofia.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Rainfall expected to continue, snow on some mountain peaks

On Tuesday, the cloudiness will be significant over most of the country, there will be more sunny hours along the Danube and in Northeastern Bulgaria. Light rain will fall in some places in southern Bulgaria. The wind will be oriented from the..

published on 9/16/24 7:35 PM

Civil activists await Europe's response to changes in the Education Act

More than 160 Bulgarian civil organizations, including the National Network for Children, have sent an open letter to a number of European institutions, organizations, embassies and diplomatic missions regarding the legislative changes banning..

published on 9/16/24 6:25 PM
Kamelia Neykova

The Central Election Commission and the Council of Ministers promise fair elections

The Central Election Commission and the Council of Ministers will work together to increase confidence in the electoral process and ensure transparency in the elections, the Central Election Commission’s Chairperson Kamelia Neykova said after a..

published on 9/16/24 5:42 PM