Top Bulgarian Magistrate Charged with Money Laundering

Crime | April 1, 2011, Friday // 09:47|  views

A high-ranking magistrate in the Black Sea city of Burgas is charged with money laundering after being arrested a day earlier. File photo

The Prosecutor's Office has indicted the Chair of the Administrative Court in the Bulgarian Black Sea city of Burgas, Atanas Valkov, with money laundering and document fraud.

Valkov was detained Thursday when attempting to sell a property in the beach town of Nessebar. He had asked EUR 2.2 B for the lot, which was acquired by his mother with forged documents. The people, listed as heirs, who allegedly sold her the property, were not even aware they owned it.

The magistrate was busted because the buyer has actually been an undercover agent. The investigators have found the typewriter used to write the forged document and the original property dead.

Valkov is currently in jail and the prosecutor is expected to ask for his permanent detention.


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Tags: document fraud, money laundering, Chair, GDBOP, Burgas, magistrate, arrested, raids, police, Administrative Court, Burgas, Prosecutor's Office, Atanas Valkov


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