Another 4 Years in Jail for Former Sofia Property CEO

Toshko Dobrev has been accussed of a number of abuses of office since the trial 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 delivered another four-year jail sentence to Toshko Dobrev, former CEO of the scandalous municipal real estate company Sofiyski Imoti (Sofia Properties).

Sofia City Court found Dobrev guilty of mismanagement and swapping a real estate property in Lyulin residential district for 26 automobiles Peugeots. The deal has robbed the municipal company of 300,000 levs, the judges said.

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

In the middle of January Sofia City Court sentenced Dobrev to four years in prison after finding him guilty of mismanagement and signing unprofitable transactions, which robbed the municipal company of over half a million levs.

Dobrev has been accused of a number of abuses of office since the trial 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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