Iva Stoyanova in the interview: “I am reading something to you: Our team attempted to contact Stoeva and even went to her place. A relative opened the door and said that she’ is on a business trip. We left a message for Stoeva who never called back.” Bivol have done this, I do not know when, but the investigation has been published on October 5. The team of Channel 3 has done the same – we visited the home of Atanas Tchobanov, his wife opened the door, our team was invited inside the apartment, but declined because we were looking for Atanas Tchobanov …“
This is the statement of the Program Director of Channel 3 during the political talk show of host Tsvetanka Rizova “Face to Face” on bTV. It appears that the team of Channel 3 has decided to attack the home of editor Atanas Tchobanov because a reporter of Bivol attempted to reach Stoeva to ask her a question. Quite justly, a question arises,
#Who is Stoeva?
Iva Stoyanova, herself, very candidly explains that Stoeva is a protagonist in our investigation, published on October 5. To clarify the motives of the employees of Channel 3, let’s recall the story in question and the investigation of Bivol from this date which mentions the “bone of contention” – Stoeva – “Bulgarian Bankers Exposed in EU Funds Robbery Scheme that Was Busted by Romanian Prosecutors”. It reported that an organized crime group has been busted in Romania for draining and stealing 26 million euro allocated to subsidize the most deprived people in this country. In another detailed investigation, Bivol predicted in early June further action against this huge misuse of EU funds. The story that we published after arrests began in the neighboring country on an order of OLAF, does mention a woman named Stefka Stoeva.
According to the investigation of Bivol and to the indictment of the Romanian Prosecutor’s Office, Bulgarian citizen Stefka Krassimirova Stoeva went to Bucharest with a power of attorney on behalf of the Bulgarian company VM Corporation and handed it to the Romanian Agency for Payments and Intervention in Agriculture (APIA). VM Corporation is the Bulgarian company that won the tender for the subsidies for the purchase and delivery of food for the poor in Romania. The bank letters of guarantee for these funds have been issued to the company by the Bulgarian First Investment Bank (FIB) in the amount of 31.5 million euro.
Ultimately, it turned out that this is a shell company, its owner is a destitute Bulgarian, but the money was siphoned to a bank account in Cyprus and then vanished. Stefka Stoeva has played a crucial role in all this fraud with public funds as she was the one who ordered on behalf of the shell company to have the millions wired to Cyprus. All requests for payment were signed namely by Stefka Krassimirova Stoeva, who indicated the bank accounts where the money should be transferred. She also signed APIA’s invoices. After the theft was uncovered, FIB refused to pay the damage to APIA from its letters of guarantee, citing Stoeva and the change of the original bank account listed in the contract.
Thus, Stoeva is a particularly interesting witness in the huge crime in which FIB and people linked to the organized crime group “The Killers 6” are involved. It makes perfect sense that as an investigative media Bivol would be looking for the person in question. Moreover, Stoeva is specifically described in the indictment of the Romanian National Anticorruption Department (DNA), along with the names of Ivan Tanev The Universal, Vesselin Lafchiev and Mila Georgieva, the latter also charged in Bulgaria for being the ringleader of the infamous group for contract killings.
The main goal of all investigative journalists is to seek and find individuals involved in criminal activities and, if possible, talk to them and get information first hand, especially when it comes to colossal misuse of public funds. However, it is completely illogical and odd for journalists to counter-investigate colleagues as a response to their investigation in the crime. Such actions only show that this is not at all about journalism and secondly that the hounds on the heels of investigative journalists have been sent to intimidate and harass them so that they give up their work and keep the crime unsolved. Nobody in the normal world (except in the country of Buddha-Peevski) has ever heard of such nonsense – journalists hunting and “investigating” other journalists.
#Who is interested in not having the stolen euro-millions discovered and returned?
The surprising admission of the Channel 3 representative on live TV contains very eloquent information. No one could identify better what motivates the “journalists” subordinates of Peevski. It is publicly known that companies linked to MP Peevski and his party Movement for Rights and Freedoms have drained about half a billion from the failed Corporate Commercial Bank (CCB). The money was not returned and after CCB’s bankruptcy, the MP is now in close symbiosis with FIB. The fate of FIB is also crucial for the fate of the second Cabinet Borisov. It is to be seen whether the CCB scenario will be fatally repeated and whether the loan assignments from CCB and the credits will be paid regularly and on time so that FIB is not ultimately sunk. The Romanian affair, however, is a real opportunity to have a serious investigation in the deeds of the involved persons and institutions and can have unpredictable consequences for the new darling bank of the government.
FIB is already sentenced to return the millions syphoned by Stoeva
“The Bank of Tseko and Ivaylo” is already sentenced by the Romanian and Bulgarian Court to return part of the money. The case originated in an appeal of the Ministry of Agriculture and Rural Development of Romania through APIA. The Court’s rule is to execute the order for enforcement from June 21, 2013 in case №23752 /299/2013 of the First Bucharest District Court in favor of APIA in the amount of 22,033,854.39 euro plus the cost of the enforcement. The request of the Romanian side is to allow a reprieve by imposing a coercive measure – freezing FIB’s accounts in the following banks: Bulgarian National Bank, Allianz Bank Bulgaria, Piraeus Bank Bulgaria, Bulgarian-American Credit Bank, Credit Agricole Bulgaria, Investbank, International Asset Bank, Corporate Commercial Bank, Bulgarian Bank for Development, TBI Bank, UBB, Municipal Bank, Procredit Bank Bulgaria, FIB, Raiffeisenbank Bulgaria, Citibank – Sofia branch, Societe Generale Express Bank, EIBank, Ziraat Bankasi – Sofia branch, Tokuda Bank, Commerce Bank D, Unicredit Bulbank, Texim Bank, BNP Paribas, Alpha Bank Bulgaria, DSK Bank, Central Cooperative Bank, Eurobank Bulgaria, Ish Bank GMBH – Sofia branch, up to the amount of 22,033,854.39 euro.
The legal proceedings are conducted under Regulation №44 / 2001 of the EU Council that judgment given in an European Union (EU) country is to be recognized without special proceedings on the execution of the judgments given in any Member State.
This post is also available in: Bulgarian