Saturday, October 31, 2020

Bulgaria PM Boyko Borissov refute claims of involvement in money laundering scheme

-

Bulgarian Prime Minister Boyko Borissov has denied links to a suspected money-laundering scheme based in Barcelona. He issued the denial after a Barcelona-based newspaper published a front-page report on Friday claiming he and other senior officials in Sofia might be linked to another Bulgarian citizen in Spain suspected of laundering millions of euros through the city.

El Periodico newspaper said it had seen police records detailing the suspected money laundering scheme which “is currently being carefully investigated” by Spanish anti-corruption prosecutors.

It said that EMA BG company had received millions of euros in suspicious transactions from non-Spanish nationals in recent years. The newspaper said the company had received a total of five million euros from individuals living outside Spain since 2013.

The company, however, did not comment on such claims by the time of publication.

- Advertisement -

The article quoted documents from Spain’s anti-corruption prosecution office that said this money of suspicious origin “might be related to undeclared funds of high-ranking officials in the Bulgarian government”.  The prosecution office is reportedly investigating the case.

Catalan police, in their response to Free Europe, have confirmed that they are indeed conducting such an investigation but declined to give details, including whether the prime minister’s name was implicated.

The latest case carries echoes of an earlier affair that erupted in 2015 when a leaked conversation between two judges included the claim that Borissov had bought a property for 1.5 million euros for a girlfriend in Barcelona.

Borissov on Friday denied having ever bought the property in Spain. “I’ll say it for the hundredth time – I don’t have a house there, I don’t have any property there; the last time I was in Barcelona I was there as a mayor of Sofia 15 years ago,” he told journalists on Friday at the European Council in Brussels.

- Advertisement -

He said no authorities had contacted him about the case. Interior Minister Mladen Marinov on Friday also said that there had been no inquiries about Borissov from the Spanish or other authorities.

The Prime Minister declined to confirm or deny whether he knew Yovcheva, however. He also hinted at suspicions that outside influences, possibly Russian, had a hand in the allegations.

“Let them do their investigation but I’m pretty sure this all comes from the East and I’ll bet a few [Russian] rubles on that,” he said, not elaborating on his theory. He also suggested that President Rumen Radev – with whom he is often in conflict – might be also involved.

El Periodico said he had refused to speak to them, which Borisov confirmed, saying: “It doesn’t make sense to talk about something that’s not proven”. He promised to make an official statement once the investigation is closed.

MUST READ

Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Hudson County road inspector pleads guilty to bribery charges

A Hudson County official has pleaded guilty to one count of official misconduct after accepting cash to delete construction violations, according to the Hudson...

Mid-Small financial institutions to benefit from Oracle’s Anti-money laundering protection

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Malta’s regulator fines Lombard Bank $397,000 over money laundering breaches

Lombard Bank has been fined €340,058 for breaching anti-money laundering obligations by the Financial Intelligence Analysis Unit. The breaches were identified by the FIAU in...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks