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The Tsvetan Vassilev glass factory in the Serbian city of Paracin is already bankrupt
After 51 days of hiding from the prosecution, the majority owner of CCB, Tsvetan Vassilev, surrendered to the police in Belgrade yesterday.
The news was first reported by the Serbian media, then confirmed by a senior Serbian Interior Ministry official to Reuters and by the banker’s Bulgarian lawyer Konstantin Simeonov.
Vassilev appeared at the Criminal Police Department in New Belgrade (one of the 17 municipalities in which the capital is divided – br), accompanied by a lawyer, at 11 o’clock local time, 12 – Bulgarian.
From there, he was transferred to the Belgrade police for identification and fingerprinting. “I chose the easiest solution,” said KTB’s majority owner upon entering management, according to the websites.
The banker surrendered just a day after Serbian officials received a request from the Bulgarian prosecutor’s office for his arrest on September 15.
Until yesterday afternoon, the Supreme Cassation Prosecutor’s Office and the Interior Ministry were not officially notified by their Serbian counterparts about Vassilev’s arrest and therefore did not confirm it.
He has been wanted since the end of July on charges of misappropriation of almost BGN 206 million by the Corporate Commercial Bank. According to the prosecution, the bank was drained between December 2011 and June 2014. If convicted, Vassilev could face up to 20 years in prison.
Besides him, 8 other people are charged in the CCB case. Five former CEOs are under investigation for homelessness. The chief accountant, his deputy and the chief cashier, as well as chief executive officer Orlin Rusev, are also charged with misappropriation of nearly BGN 206 million
The banker is accused of 146 crimes,
embezzled more than 2.6 billion BGN
Tsvetan Vassilev was charged in absentia with 146 crimes, as a result of which he and the criminal group led by him misappropriated BGN 2,559 billion from the bank and another BGN 205.9 million from its main treasury.
The case against a banker and 17 other defendants has been carried out in a specialized court for 2 years. So far, only the former right-hand man of a banker, his chief accountant Biser Lazov, has testified. He is a key witness in the prosecution.
Vassilev was charged in absentia on August 12, 2014. The charge was filed in the specialized court on July 20, 2017. Vassilev has a total of four charges. The first is that he is the leader of a criminal group. The others are for the misappropriation of amounts in especially large quantities, almost BGN 2.6 billion.
The bank drain was carried out through companies registered in the name of fictitious persons to whom KTB made loans. They were mainly subordinate to Vassilev.
All attempts to return him to Bulgaria were unsuccessful.
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