{"id":32687,"date":"2016-12-10T12:20:35","date_gmt":"2016-12-10T12:20:35","guid":{"rendered":"https:\/\/bivol.bg\/en\/?p=32687"},"modified":"2017-01-25T09:42:32","modified_gmt":"2017-01-25T09:42:32","slug":"legendary-unemployed-cypriot-is-lurking-once-again-as-owner-of-exploded-train","status":"publish","type":"post","link":"https:\/\/bivol.bg\/en\/legendary-unemployed-cypriot-is-lurking-once-again-as-owner-of-exploded-train.html","title":{"rendered":"Legendary Unemployed Cypriot Lurks Once Again\u2026 as Owner of Exploded Train"},"content":{"rendered":"

The company “Bulmarket DM” Ltd., whose cargo train exploded Saturday morning in the Bulgarian village of Hitrino, inflicting huge damage and causing numerous fatalities and injuries, is owned on paper by the unemployed Cypriot national Georgios Georgiou<\/strong>. The man has close connections with the owners and majority shareholders in private lender First Investment Bank (FIB), Tseko Minev and Ivaylo Mutafchiev<\/strong> (the latter also known by the codename agent “Kamen” of the former sinister Communist secret services \u2013 State Security, DS).<\/p>\n

\"minev-mutafchiev\"<\/a><\/p>\n

“Bulmarket” is indebted to FIB with over 50 million euro and is owned by Cypriot offshore companies. Behind them stands Georgios. These facts have been known for two years already, when Bivol conducted an extensive investigation<\/a> into the loans granted by FIB. It emerged then that over 1.2 billion levs have been granted to companies whose end owners are Cypriot offshore companies<\/strong> and Georgios Georgiou is behind them.<\/p>\n

Bivol\u2019s investigation revealed that the Cypriot has sold shares in FIB to Tseko Minev and Ivaylo Mutafchiev years ago. On paper, he is also the manager of \u201cFramas\u201d, a subsidiary company of the Bank.<\/p>\n

According to data in the Bulgarian Commercial Register, “Bulmarket” belongs to “Vectra Consult” Ltd., which is 100% owned by \u201cBurundi Services Limited\u201d.<\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n

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\"burundi-len-din\"<\/a>\"burundi-georgius\"<\/a><\/p>\n

\"din-georgius\"<\/a>\"len-georgius\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

The Cypriot offshore company “Burundi Service Limited” is managed by Georgios Georgiou and is in turn owned by two of his other companies: Len Secretarial and Din Nominees. Data about these companies, with attached documents from the Cyprus commercial register, can be examined on the site<\/a> especially created for our project.<\/p>\n

On paper, Georgios is the owner of Bulgarian big business, worth over 1.2 billion levs, which is roughly equal to the hole in FIB, recorded in a classified report of the central bank<\/a> (Bulgarian National Bank, BNB) at the end of 2011 and in another one from the end of 2014. This was also confirmed by the prosecution. Georgios is the owner of the now-closed giant steel mill Kremikovtzi, the Lead and Zinc Plant Kardzhali, the taxi cab company OK\u2019Supertrans, of Bulmarket, Yulen and Vitosha Ski and many other companies all of which have been financed through loans from FIB.<\/p>\n

A team of Bivol was able to talk to Georgios a year ago. He lives in a modest basement apartment in the suburbs of Nicosia. He did not meet us in a tuxedo and with a cigar in his mouth, as befits a billionaire, but dressed in shorts and an old T-shirt with a hole in the middle.<\/p>\n

 <\/p>\n

\"\u0422\u0443\u043a<\/a><\/p>\n

Multimillionaire Georgios Georgiou lives here, in the basement of this building.<\/p>\n

 \u201cI do not know what to tell you. What companies? I do not understand what you’re talking about,\u201d he kept saying to questions about his companies in Bulgaria.<\/em><\/p>\n