Translated version of the indictment summary made available by The Prosecutor’s Office

Translated version of the indictment summary made available by The Prosecutor’s Office

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Herein there is a general review of “The CCB Model” is presented.” Due to the huge scale of both the misappropriated funds and the impact this has on the economy and society, the “CCB Model” represents in the usual sense the largest economic and social “financial fraud” that has occurred in our new Bulgarian history / measurable in % of the Gross Domestic Product (GDP)/. By its very nature, this model represents a functionally structured technological mechanism of social and control-management relationships, through which a group of persons, under the leadership of the defendant   Tsvetan Vasilev, managed to misappropriate the public funds attracted and entrusted to them for management at the Corporate Commercial Bank AD….

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2017-09-26T16:22:52+00:00