The leader of “Vazrazhdane” is being investigated for misappropriation of party subsidies



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Kostadin Kostadinov PHOTO: official site of the Vazrazhdane political party

The Varna District Attorney’s Office initiated pre-trial procedures to investigate Nova TV for misappropriation of party subsidies. This was announced by the state attorney’s press center.

The Varna District Prosecutor’s Office begins pre-trial proceedings for embezzlement of funds in especially large amounts, which is a particularly serious case, on the occasion of two reports of an investigation by Nova TV. They contain data on a crime under article 203 of the Penal Code, which is a legitimate reason to initiate a pre-trial procedure.

The investigation must establish whether an official of the governing bodies of the Vazrazhdane party misappropriated a party grant in the amount of BGN 1 million, delivered to him as state funds earmarked for the operation of the party.

The facts presented in the Nova TV investigation into the acquisition of properties by a person from the administration and people related to it, as well as the movement in the accounts of the party of the Vazrazhdane Natural Park, receipts and transfers to other accounts.

I am happy with this and hope that when the investigation is complete and our innocence is proven, we will have a chance for Nova to convey our rebuttal. At the end of the week he will file lawsuits against Nova TV and Vasil Ivanov for defamation and accusation. I will also want the right to reply, although I do not expect to receive it, said Kostadin Kostadinov, leader of Vazrazhdane, 24 hours ago. We have six audits conducted from 2017 to now. These documents are on the Court’s website and are available for consultation. This does not surprise me, this is an open political order against me and “Vazrazhdane”, Kostadin Kostadinov commented for “24 Chasa”



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