The courtroom showed the arrest warrant for Mavrodiev –

The Ecu arrest warrant for Stoyan Mavrodiev used to be in spite of everything showed by way of the attraction courtroom in Sofia. The previous head of the state-owned Bulgarian Building Financial institution is sought after on fees associated with a case involving a mortgage. The businessman Rumen Gaitanski-Valka could also be accused in the similar investigation.

Mavrodiev has been sought after because the finish of August. Gaitanski used to be arrested on the identical time. The 3rd accused is Ivan Georgiev, who used to be the executive of the corporate “Rodway Building”, which took the mortgage. He’s loose on bail. Gaitanski used to be additionally launched from custody. Its ensure is 250 thousand. BGN

The start of the investigation into the BBR mortgage coincided with the rift between Ahmed Dogan and Delyan Peevski. Gaitanski is thought of as with regards to the honorary chairman of the DPS. Thus far, the businessman has had no issues of the prosecutor’s workplace and the anti-corruption fee, even if the details about the mortgage has been publicly identified for a minimum of 5 years.

The case

It’s about 148.5 mln. BGN allotted in June 2019 of the corporate “Rodway Building”. With this cash, every other corporate with regards to the businessman used to be purchased – “Street Engineering” – a fairly small native participant primarily based within the village of Gruevo in Kardzhali, whose annual turnover as much as that time used to be between 5 and 16 million. BGN The former proprietor of “Street Building Engineering” used to be “Bio mining” – an organization owned by way of Gaitanski. The mortgage reimbursement length is 2029.

The cash used to be by no means returned. Thus far, BBR has taken ownership of “Street Building Engineering”, pledged as collateral for the mortgage, however has controlled to recuperate just a small a part of the volume.

This and a number of other different loans had been agreed upon in 2021, when Kiril Petkov was Minister of Economic system. The next 12 months, the prosecution opened a case In 2023. this situation used to be pushed aside at the grounds that there used to be no proof of a criminal offense. Then again, it used to be resumed after that, and a couple of months in the past the arrests had been made.

Along with his signature

Not like Gaitanski and Georgiev, Mavrodiev used to be now not arrested. He’s accused of embezzlement. The opposite two are accountable as instigator and helper.

On Tuesday, the appellate courtroom regarded as that there used to be enough proof for the imaginable complicity of the previous head of the BBR within the crime. Of their choice, the judges indicated that it used to be his signature that licensed the granting of the mortgage in query. The opposite argument used to be that Mavrodiev used to be lacking, which indicated a possibility of absconding.