Tsvetan Vassilev and his daughter lie about the Omani fund

Radosveta Vassileva

The fugitive banker Tsvetan Vassilev and his daughter Radosveta Vassileva have again tried to manipulate public opinion with fake news, this time about the arbitration case filed by the Omani fund. The Bulgarian Ministry of Finance had to interfere to prevent speculations on the issue.

The Bulgarian state did not sign any agreement, nor did it pay damages for the international arbitration case filed by the General State Reserve Fund of the Sultanate of Oman, reads the communication of the Ministry circulated to the mass media.

The arbitration case was brought to trial before the International Center for Settlement of Investment Disputes in Washington, the US (ICSID Case No. ARB/15/43).

“The claim that the arbitration case was closed after an agreement was signed and the Bulgarian party to the suit paid the indemnity does not correspond with the reality and is only a figment of imagination and speculations on the part of Tsvetan Vassilev and his daughter Radosveta Vassileva posted on the personal blog of Radosveta Vassileva,” the Finance Ministry reports.

Last week, the court of arbitration in Washington ultimately settled the dispute between Bulgaria and the Omani fund. After Bulgaria tabled two written statements of defence with enclosed expert conclusions and evidence, in December of 2018 the State General Reserve Fund of Oman dropped its claims without the right to resume the case. In agreement with this abdication the court overruled the claims finally as unwarranted and awarded to the claimant to pay to Bulgaria the case costs.

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