2 Resign over Beach Property Scam in Bulgaria's Kavarna

Crime | September 8, 2011, Thursday // 14:15|  views

Turning Kavarna into the "Rock Capital of the Balkans" is just one of the number of successes attributed to the town's Mayor, Tsonko Tsonev. Photo by BGNES

The Chief Architect of Bulgaria's Black Sea town of Kavarna, Yuliyan Iliev, and the Director of the Municipal Properties Company, Desislav Kostov, have submitted their resignations.

The resignations have been already accepted by the Mayor of Kavarna, Tsonko Tsonev.

The two, along with the employee of the Registry Agency, Deyan Dechkov, were arrested Saturday on suspicions the group took part in a large number of property scams related to the acquisition of attractive waterfront municipal properties for prices below the market ones. The three benefited greatly from the scams along with family members and relatives.

Iliev and Dechkov, both with over 10 years of employment with the Kavarna Town Hall, were released on own recognizance while Kostov was kept behind bars for 24 hours after police seized EUR 250 000 in cash from him.

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Tags: Chief Architect, arrested, Tsonko Tsonev, mayor, Kavarna, scams, property

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