Capital bursts bubble about Peevski by overinflating Dunarit lies

The minions of the indicted oligarch Prokopiev mixed up their talking points and accidentally told the truth

Tsvetan Vassilev

In an attempt to act swiftly in service of the fugitive banker Tsvetan Vassilev and his pawn Emiliyan Gebrev, Capital inflated the propaganda balloon of fake news about Delyan Peevski so far that it burst. The people of the indicted oligarch Ivo Prokopiev concocted a classic disinformation scheme dedicated to the Dunarit saga and published it both in Capital’s online and paper editions.

Instead of explaining to their readership how Gebrev and Vassilev got control of the military plant and how they are using it as their piggy-bank, the journalists from Capital zero in on the offshore company Viafot, elaborating that it was thought to be controlled by Movement for Rights and Freedoms lawmaker and Telegraph Media publisher Delyan Peevski. By placing the emphasis on Viafot, they are trying to hide the truth that the only Dunarit credit debt to CorpBank that has been repaid was done so thanks to that company.

What is the truth that Capital is skirting? The combined debt that Dunarit and its affiliated companies owe the lender, whose failure was engineered by Vassilev, amounts to BGN 200m. Of those, BGN 150 is still outstanding. About BGN 50m has been paid back thanks to claims transferred from Viafot to another company, which in turn transferred them to CorpBank in the summer of 2017. This clearly shows that Viafot no longer has any connection to Dunarit’s obligations – a fact that even Capital admits, albeit half-heartedly since the truth is inconvenient to the publication.

And the truth is that after receiving the claims, CorpBank’s bankruptcy administrators transferred those to the State Consolidation Company (SCC), making it Dunarit’s main creditor. Later, the money was repaid to the SCC by Dunarit; note – not by Gebrev but by the company itself. Apropos, Dunarit is in a good financial state, which is what makes it so appetising for Vassilev and the arms dealer – its market value is estimated at nearly BGN 300m, while its annual turnover is in excess of BGN 160m, with over BGN 35m in net profit.

You are probably asking yourself, “If Dunarit itself, and not Gebrev, made the payments to the SCC, how, in the world, has the arms dealer been managing the plant for the past nearly two years, syphoning money off of it to fill the pockets of the fugitive banker and his benefactors?” The answer is – with fictitious schemes through which he is trying to become the official owner of Dunarit.

After attempting to seize the military plant with a capital increase in Dunarit’s mother company, Kemira, in order to sidestep the distraints placed on the company’s shares at the request of the National Revenue Agency and the Ant-Corruption Commission for Illegal Assets Forfeiture, Vassilev’s partner has been striving for months now to gain control of Duanrit via a different capital increase – that one of the military plant itself. His other ploy is a €10m loan on paper, on the basis of which Gebrev is trying to register a special pledge on Dunarit. Meanwhile, of the aforementioned BGN 200m in debt owed by Dunarit and its affiliates to CorpBank, BGN 150 is still outstanding.

As we said, the other BGN 50m was paid back by the military plant, not Gebrev. It is absurd for the arms dealer to make himself out to be the owner of something for which he paid cents on the dollar and not to Dunarit’s creditor, CorpBank, but to Tsvetan Vassilev, at that. In a nutshell, the situation is this: after embezzling billions from CorpBank, now the Vassilev-Gebrev tandem is trying to steal a lucrative asset funded by the lender. Presently, CorpBank’s main creditor is the state, which provided a loan for billions of levs so that the Bulgarian Deposit Insurance Fund could pay the CorpBank depositors defrauded by the fugitive banker. This is why the most logical path is for the state to recover the BGN 150m of outstanding debt owed by Dunarit and its affiliates to CorpBank by taking control of the military plant and selling it.

Anything else would have been a daylight robbery. Not that it would be something new for Vassilev, who stands behind the entire affair with the Dunarit raid. He is still holding the assets at a total worth of BGN 1bn bought exactly with the bank’s money. Out of this sum, he dispenses portions of cash from his deluxe villa in Belgrade in royalties for his cohort of lawyers, paid pen-pushers and spokespersons who are guarding him and save him from retribution he deserves for his crimes.

The media outlets of Ivo Prokopiev, the indicted publisher and Vassilev’s close associate who shares his lot and takes part in his shady schemes, gives him a helping hand in it. Let’s not forget that Prokopiev and Vassilev are two godsons of Ivan Kostov, who created a parallel state in Bulgaria similar to the one which Turkish preacher Fethullah Gulen tried to establish in our southern neighbour state. The companies, banks, foundations and dependent courts are among the Kostov’s means of influence as he himself pretends to be an innocent hermit hiding out in his villa near Sofia or a humble professor at the New Sofia University. During his term of office as prime minister, Kostov made Vassilev a banker and to Prokopiev presented as a gift two lucrative businesses – Damianitsa winery and Caolin mining company. That is why it is unsurprising that oligarch Prokopiev is so consistent in defending his ‘blood brother’ Vassilev.

Моscow patrons

Vassilev has repeatedly tried to cover up his close ties with Russia, in the person of Kremlin-related Orthodox oligarch Konstantin Malofeev, to whom he promised the lion’s share of golden assets in exchange for protection and support. Thus, the first who entered the scene was the gang led by Pierre Louvrier, Belgian holder of a Russian passport, who tried to buy for 1 euro BTC, Dunarit, Aviomans, NURTS, GARB and First Digital. After the deal was frustrated, Louvrier was replaced with another man of Malofeev, Russian businessman Dmitrii Kosarev. This attempt again proved futile. Both men are blacklisted in the US and Europe. Finally, the Russian cronies of Tsvetan Vassilev for the third time tried to take decisive action with TV7 and News7 in order to turn both TV channels into Kremlin’s mouthpieces. The notorious Russian intelligent officer and former agent of KGB on the Balkans, Gen. Leonid Reshetnikov lent them a shoulder in these attempts. Currently this man chairs the supervisory board of “Tsargrad” TV channel. His name has again stirred high emotions in the first days of the New Year after the highly-reputed Wall Street Journal revealed that Reshetnikov and Malofeev want to restore monarchy in Russia and enthrone Putin as tsar. Ilian Vassilev, Bulgaria’s ex-ambassador to Moscow and secret agent of the Bulgarian State Security Agency, sings along with this trio. Agent Sasho spreads fake news about Peevski saying that the latter owes “heaps of money” to Russian VTB bank. Only the truth is quite the contrary – Peevski does not owe a single cent to the Russians, while exactly through Dunarit the money flows are channeled to Serbia and Russia. Maybe, the Bulgarian Madoff pays off his Russian debts with it.


Fake News Factory becomes forgetful 

The memory of the contributors to the Fake News Factory started failing them – they now forget the obvious truths. As early as in August 2017, Delyan Peevski published an open letter to the media in which he announced that he had nothing in common with the companies of the defence complex, including Dunarit and EMKO. He personally disproved the fake news circulated by Ognyan Stefanov and his website, Frognews. Stefanov, who is the State Security agent, aka Agent Academician, plays the role of private PR officer of the fugitive banker. At the same time, his website is something like a press centre of Tsvetan Vassilev. It was Frognews which spread false information about Peevski, who allegedly visited arms expos abroad and offered for sale assault rifles and ammunitions. “I have never visited any arms expos in India, Sudan, Qatar, Dubai or anywhere else and never offered for sale assault rifles or ammunitions or any other military produce for that matter,” Peevski writes. Further he adds that in contrast to open lies circulated by the fake news factory, defence plants’ and arms dealers’ business is subject to strict state control, so anyone who shows interest in it, or in buying defence-related property, or wants to conclude some deal may be easily probed by relevant authorities.

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