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04.01.2017 11:17
Bulgarian Prosecution Indicts Two Ex-Ministers for EVN Shares Sale
They have been charged with deliberate mismanagement which led to damages to the state exceeding BGN 20 m (about EUR 10 m) as a result of the 2011 privatisation of a 33 per cent share in EVN Bulgaria EAD

  • Ex-finance minister Simeon Diankov
    © Bulgarian Ministry of Finance

Ex-energy minister Traicho Traikov, who has also ran for president in the recent elections, and ex-finance minister Simeon Diankov have been indicted by the Bulgarian prosecution. They have been charged with deliberate mismanagement which led to damages to the state exceeding BGN 20 m (about EUR 10 m).

The damages ensued from the sale of the state minority share of 33 per cent in electric utility EVN Bulgaria EAD in 2011. The prosecution alleged that financial consultant Bulbrokers was also involved in a rushed sale of the said shares at a lower-than-the-actual price.

Traikov stated for BNT and Nova TV that the accusations were part of a defamation campaign against him, while Diankov has already been in touch with the prosecution after a day of national search.

The prosecutor’s office said that more people were to be charged for the same investigation.

TAGS: Bulgaria | energy | investigation | EVN | Traicho Traikov | Simeon Diankov | shares | sale | privatisation | Bulbrokers 

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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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