Former Sofia Property CEO Jailed for 4 Years

Toshko Dobrev has been accussed of a number of abuses of office since the case against him and another 13 former officials from the municipal company began in 2003. Photo by BGNES

Following a long-protracted trial, a Bulgarian court has sentenced to four years in jail the former CEO of the scandalous municipal real estate company Sofiyski Imoti (Sofia Properties), Toshko Dobrev.

Sofia City Court found Dobrev guilty of mismanagement and signing unprofitable transactions, which robbed the municipal company of over half a million levs.

This is just the first completed trial out of seven legal proceedings against Dobrev and ten of his assistants and subordinates.

Dobrev has been accussed of a number of abuses of office since the case against him and another 13 former officials from the municipal company began in 2003.

In the years 2003-2004, the municipal company allegedly let out buildings, apartments and office spaces in the center of the city for prices considerably lower than their market value.

The case was launched eight years ago, with Sofia City Court postponing proceedings a number of times in 2009.

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