The name of Bulgarian national Alexander Mirtchev is found in the leaked files of the US Department of Treasury’s Financial Crimes Enforcement Network, FinCEN. It is included in a suspicious…
Investigations
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InvestigationsLeading
FinCEN Files: Vice President of Atlantic Council Linked to Deripaska, Nazarbayev’s Financial Schemes
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InvestigationsLeading
Russian laundromat companies spin billions, bank in Bulgaria’s Investbank
FinCEN files: Proxy of Bulgaria’s Ruling Party and Controversial Bulgarian Mogul’s Frontman Emerges from ‘Magnitsky’ Scheme
A company of arms trader Dobrin Ivanov received large sums from an offshore company linked to the money laundering scheme uncovered by Moscow lawyer Sergei Magnitsky, the FinCEN Files and…
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DFZInvestigationsLeading
Part Two
Son-in-Law of Bulgarian Small Town Mayor Absorbs EU Subsidies after Being Sanctioned for Abuses
Georgi Nukov, who is the live-in boyfriend of the daughter of Kosta Karanashev, Mayor of Bulgaria’s town of Kotel, keeps submitting winning bids for European Union (EU) projects and absorbing…
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InvestigationsLeading
FinCEN Files: State-controlled Bulgarian Bank Processes Transactions Linked to Gangsters and Arms Trafficking for Islamic State
An offshore company with an account in Piraeus Bank paid USD 31 million to another offshore company with an account in the State-controlled Bulgarian Development Bank (BDB). The first offshore…
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DFZInvestigationsLeading
Part I
Small Town ‘Gerbonomics” – Relatives, Nepotism and Syphoning of EU Funds
An interesting business network intertwining family and party connections has been woven in Bulgaria’s historical town of Kotel. Relatives of Mayor Kosta Karanashev and municipal officials of the ruling party…
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InvestigationsLeading
Bulgarian Coast around Dogan Seraglio Illegally Buried under Concrete and then Built-up
An on-location inspection by Bivol found that concrete had been poured on the coastline on the northern side of Cape Chukalyata in Rosenets Park near the Black Sea city of…
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Article 18 of the Bulgarian Constitution and Article 12 of the Waterс Act stipulate that the seabed is а public state property and the State has sovereign rights. However, at…
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Colombian billionaire Alex Saab is the alleged owner of the frozen in Bulgaria Venezuelan assets. Saab was detained in June in Cape Verde on an international arrest warrant from the…
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InvestigationsLeading
Bulgaria’s Competition Watchdog Allows Purchase of Bank Shares at above Market Price
The Bulgarian Commission for Protection of Competition (CPC) failed to discover any evidence of a monopoly in the acquisition of part of the capital of First Investment Bank (FIB) by…
