Bulgarian Court Confirms Bail of Ex Liberal MP

Former DPS Deputy Chairman and former Deputy Speaker of the Bulgarian Parliament, Hristo Biserov, photo by BGNES

The Sofia City Court has confirmed Monday the BGN 25 000 bail of former lawmaker and senior politician Hristo Biserov.

The news was reported by the public radio, BNR.

The magistrates grounded their decision on having sufficient evidence that the defendant has committed the crimes he is charged with.

Biserov has appealed the amount of the bail, but the appeal was rejected.

In mid-November, Hristo Biserov former MP from the liberal, predominantly ethnic Turkish party Movement for Rights and Freedoms (DPS), and his stepson, Ivaylo Glavinkov, were questioned over money laundering and tax evasion. Biserov was charged on two counts - money laundering and filing false income tax declarations.

He was released on BGN 25 000 bail.

The lawsuit for financial fraud seeks to trace three transfers worth a total of USD 400 000 and EUR 50 000 from bank accounts of Biserov in Switzerland to other accounts of his stepson Ivaylo Glavinkov in a Macedonian bank, and from there to offshore companies.

57-year-old Biserov, nicknamed "The Gray Cardinal," was MP in the periods of 1991-2000 and 2005-2009.

He was Chief Secretary and a senior figure at the right-wing Union of Democratic Forces in 1994-2000.

In 2005, he entered Parliament as MP from DPS. Biserov was Deputy Chairman of DPS, but recently resigned from all his posts, including Deputy Speaker of the Parliament. He was also expelled from DPS.

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