Bulgaria Ex Ministers Give Evidence in Notorious Road Fund Trial

Bulgaria’s ex Finance Minister, Plamen Oresharski, and ex European Affairs Minister, Gergana Passy, have both given evidence in the notorious road fund trial against Veselin Georgiev.

The ex Minister in charge of the EU Funds, Meglena Plugchieva, however did not turn up at the trial as expected Tuesday as she is out of the country according to reports.

Veselin Georgiev aka Batko (Big Brother) is charged with abuse of power and conflict of interest as Director of the Road Fund, which he used to secure profits for his brothers.

Georgiev was forced into resignation from its Director's position in February 2008, after the two employees of the Fund were arrested while taking a bribe and the EC put a hold on the EU infrastructure subsidy payments due to conflict of interests.

The company "Binder" managed by Emil Georgiev, Veselin's younger brother, has received contracts from the fund valued at 120 M. Before taking over the Fund, Veselin Georgiev, has been one of "Binder's" managers. Another of the Georgiev brothers owns a business selling materials for road construction. There are allegations that his company has received BGN 200 M.

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