Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Trial for biggest fraud in Bulgaria’s recent history starts

Head of the Specialized Prosecutor's Office Ivan Geshev
Photo: BGNES

An open court hearing is scheduled for December 13 over the bankruptcy case of Corporate Commercial Bank. The indictment filed by the Specialized Prosecutor's Office on July 20th is over 5,000 pages. More than 400 witnesses have been questioned and the volume of evidence gathered is huge.

The main shareholder of the bank Tsvetan Vassilev and 17 other bankers and financiers are accused of draining over 1.25 billion euro. Vassilev has been hiding from the Bulgarian authorities and is wanted by Interpol as a procedure for his extradition is currently underway. The court could still decide that the trial continues in his absence.

Head of the Specialized Prosecutor's Office Ivan Geshev commented that it could be said that the CCB case is the biggest financial fraud and corruption scheme in the new Bulgarian history.



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

Green ticket for public transport in Sofia for two days due to dirty air

After days of reported excess of fine dust particles in the air of Sofia, as a measure to solve the problem, the Sofia Municipality is introducing a green ticket worth 0.5 euros for using the public transport, as well as free parking in the metro..

published on 1/9/25 7:45 AM

Residents of Lom organize a car rally against the poor state of the roads in Northwestern Bulgaria

Several civil associations from the towns of Lom and Kozloduy are organizing a protest and a car rally today against the poor state of the roads in Northwestern Bulgaria, specifically the Lom-Kozloduy road, which is used daily by many people from Lom..

published on 1/9/25 6:15 AM

Urgent legal changes prepared to avoid gasoline shortage

In a few days, the Ministry of Energy will publish for public discussion amendments to the Renewable Energy Sources Act, after which they will be submitted for voting in parliament. The goal is to avoid gasoline shortages and price increases from..

published on 1/8/25 6:09 PM