Bulgaria to Fully Lift Lid on Credit Millionaires' Murky Past

Domestic | October 26, 2012, Friday // 12:45|  views

The files of the former Committee for State Security are a thorny issue in Bulgaria, especially when it comes to the past of high-ranking officials and successful businessmen. File photo by Sofia Photo Agency

A special panel, investigating Bulgaria's communist-era police files, will be entitled to not only probe the so-called credit millionaires, but expose their names too, parliament decided on Friday.

The list of credit millionaires contains individuals and firms, to which large sums of credits were extended by private and state-owned banks.

Some of the bad debtors did not invest at all, while others exported the money from the country.

The unsecured credits were one of the main reasons for the crash of the Government of the Bulgarian Socialist Party and the economic and financial crisis in late 1996.

The files of the former Committee for State Security are a thorny issue in Bulgaria, especially when it comes to the past of high-ranking officials and successful businessmen.

Bulgaria's communist-era security service is believed to have remained potent after the fall of communism with the ex-operatives closely linked to the political and business establishment.

The Files Commission is a panel in charge of investigating the Communist era secret files and of exposing people at senior positions as agents or collaborators of the former Communist State Security, DS.

The blacklist of former state security agents and collaborators already features now-ex President and former Socialist leader, Georgi Parvanov, former constitutional judges, supreme magistrates, investigators, members of parliament, prominent and well-known former and current Bulgarian journalists, as well as ambassadors and diplomats abroad.

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Tags: credit millionaires, files, police, Communist-era, Bulgaria, secret files, State Security

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