Bulgarian Media Tycoon Faces Fresh Tax Fraud Charges

Bulgaria's prosecuting authority has pressed new tax fraud charges against media mogul Ognyan Donev.

Donev has been imposed a record bail of BGN 500 000.

On Thursday, police officers and prosecutors searched the offices of companies related to Donev.

In early June, media moguls Ognyan Donev and Lyubomir Pavlov were charged with participating in a money laundering scheme, thanks to which they purchased by WAZ Mediengruppe assets in Bulgaria and staged an illegal corporate take-over of the newspapers.

The two businessmen publish mass circulation dailies Trud (Labor) and 24 Chassa (24 Hours) and Pavlov is Chair of the Union of Publishers in Bulgaria.

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