Bulgarian Energy Holding CEO Dismissed over Pre-Trial Proceedings

Mihail Andonov, CEO of the Bulgarian Energy Holding (BEH), photo by BGNES

The head of the Bulgarian Energy Holding, BEH, Mihail Andonov, has been dismissed due to revoked access to classified information over ongoing pre-trial proceedings against him, according to Dragomir Stoynev, Minister of Economy and Energy.

Stoynev, as cited by dnevnik.bg, declined to specify the charges Andonov was facing but made clear that Andonov had filed his resignation.

Bulgaria's Economy and Energy Minister noted that as a result of his restricted access to classified information, Andonov was unable to visit a number of strategic sites.

He explained that he had decided to replace the members of the Board of Directors of BEH appointed during the term in office of the caretaker government.

According to a media statement posted on the website of Bulgaria's Ministry of Economy, Energy and Tourism on Tuesday, Stoynev dismissed Mihail Andonov, Bozhan Stoyanov, and Todor Shopov from the Board of Directors of BEH and appointed Boyan Boev and Georgi Hristozov as new members of the BoD.

In end-May, Delyan Peevski, MP of the ethnic Turkish Movement for Rights and Freedoms party (DPS), announced in Parliament that Andonov faced accusations of signing contracts for legal consultations with his brother-in-law, adding that the investigation of the prosecuting authority could result into a revocation of the access of the BEH CEO to classified information during the proceedings.

According to reports of mediapool.bg, Bulgaria's Chief Prosecutor Sotir Tsatsarov announced in early April that five new lawsuits had been launched over deliberate malfeasance at the Energy Ministry, the National Electric Company, NEK, and the State Commission for Energy and Water Regulation, DKEVR, and of one investigation against BEH CEO Mihail Andanov in person.

Andonov was reported to be investigated by the prosecuting authority over unprofitable contracts with law offices for legal consultancy and representation.

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