CorpBank

    • Bankruptcy administrators of CorpBank return BGN 1.5bn to creditors

      Bankruptcy administrators of CorpBank return BGN 1.5bn to creditors

      Nearly BGN 1.5bn has been retrieved by Kristi Marinova and Angel Donov – the bankruptcy administrators of CorpBank. The process of returning money to people and companies in line for it is done through so-called partial accounts for distribution. Some BGN 570m was paid out through the first such account in May 2019. The administrators note that as a result thousands of depositors have gotten some of their CorpBank money back.

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    • bTV caught in a cobweb of Bozhkov and Bulgarian Madoff

      bTV caught in a cobweb of Bozhkov and Bulgarian Madoff

      One of Bulgaria's national TV stations got caught in a real oligarchic cobweb. Three oligarchs at odds with the justice system managed to spread their tentacles, reaching deep into it: Vasil Bozhkov, charged with inflicting damages to the state treasury to the tune of BGN 700m, indicted fugitive banker Tsvetan Vassilev, and Ivo Prokopiev - an oligarch with two pending cases indicted for privatisation-related affairs.

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    • Peevski Act challenged by lawyers of shadowy clique

      Peevski Act challenged by lawyers of shadowy clique

      The Supreme Bar Council (SBC), which has ties to the behind-the-scenes circles and serves the interests of the oligarchy, has challenged the last amendments to the Bank Insolvency Act that were initiated back in 2015 and give legal recourse to the CorpBank bankruptcy administrators to return to its insolvency estate property acquired with the lender's money. The SBC has requested that the constitutionality of the entire package of amendments commonly known as “the 2018 Peevski amendment for CorpBank” be reviewed.

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    • Peevski Act restores BGN 1,25bn to CorpBank

      Peevski Act restores BGN 1,25bn to CorpBank

      Peevski Act has helped to restore BGN 1,25bn to CorpBank reduced to bankruptcy by Tsvetan Vassilev, the bank reported. The statement reads that the bank’s revenue receipts have increased by €125m. After years-long litigations in Bulgaria and UK on 7 May 2020, nearly €125m arrived in the account of CorpBank AD (under insolvency), the sum with which in 2012 the bank financed the acquisition of the majority stake in the Bulgarian Telecommunications Company. 

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    • Bulgarian Pablo Escobar and his swamp of former agents attack Delyan Peevski

      Bulgarian Pablo Escobar and his swamp of former agents attack Delyan Peevski

      “Everyone has a price, the important thing is to find out what it is,” said one of the world’s most formidable gangsters, Pablo Escobar. His words have clearly become a motto for his Bulgarian counterpart – Tsvetan Vassilev, who has been hiding from the Bulgarian judicial system for the past more than five years. The banker, who managed to transfer billions of CorpBank depositors’ money to his own accounts as if with the wave of a magic wand, is good at spending other people’s money on polishing his image, defaming his enemies and protecting his own interests. However, he is doing that with mixed results, lately trending towards zero. Because when you shell out on frogs, you get a swamp.

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    • Fugitive Tsvetan Vassilev – the Bulgarian Pablo Escobar

      Fugitive Tsvetan Vassilev – the Bulgarian Pablo Escobar

      Born and raised in a poor family, his wealth accumulated through dirty schemes, responsible for the demise of thousands of people, a fugitive hiding in mansions and luxury hotels, known for his political ambitions and the fact that his name is on the Forbes list of most powerful people. Perhaps you think we are referring to Colombian drug lord Pablo Escobar. In fact, what we just described is a small part of the biography of fugitive banker Tsvetan Vassilev currently wanted by the Bulgarian authorities. Those details are, nevertheless, almost identical with the life of the Latin American gangster.

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