For six months already, Bulgarian media, regulators and law enforcement together, are pretending that the investigations of Bivol in criminal schemes connected to Bulgartabac do not exist.
Perhaps until now? Because it became clear on March 21 that last week the Dubai offshore TGI Middle East FZE has bought the shares of Delyan Peevski and Edoardo Miroglio in Bulgartabac. This was reported by Capital daily, citing the Central Depository.
This actually means that Peevski has bought the shares from himself and Miroglio and someone is well on the way of gaining some 9 million levs from the resale and this now will be money with proven legal origin.
According to the document, published by Bivol as early as August 12, 2015, TGI Middle East FZE has paid 45,414,388 euro to the connected with former banker Tsvetan Vasilev company EFV under a contract for loan assignment. With this payment it acquired control of the Lichtenstein offshore Livero Investment, and through it of the main package of shares of Bulgartabac Holding.
The origin of this money is absolutely unclear and under investigation by prosecutors in Liechtenstein. Most likely it is from cigarette smuggling in the Middle East.
The origin of the money of TGI Middle East for the purchase of the shares of Peevski in the amount of 24.3 million levs and of of Miroglio – in the amount of 35 million levs, or a total of 59.3 million levs, is also absolutely unclear.
It is very likely and that the money originated from cigarette smuggling and the financing of terrorist organizations.
It is, however, unlikely that the Bulgarian Prosecution will act and verify the origin of these funds, as Prosecutor General, Sotir Tsatsarov, has serious and lasting dependencies from Delyan Peevski.
Another huge scandal is the fact that the man, who signed the document, which de facto changes the ownership of Bulgartabac, is both CEO of Bulgartabac Holding and of its majority shareholder – the Austrian BT INVEST.
The signatures in the loan assignment document reveal that this person is Ventsislav Cholakov – Delyan Peevski’s right-hand man, who is also director of TGI Middle East FZE.
These are the irrefutable facts – outrageous conflict of interest of connected parties and illegal concentration of business. It is of outmost importance to find out whether all this has been declared to Bulgarian watchdogs.
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