Former Sofia District Governor Faces Charges Over Unprofitable Deals for BGN 11 M

Sofia Prosecutor’s Office has indicted former Sofia District Governor Veselin Penev on charges that, in the period 30.12.2015 – 26.04.2016, he did not take sufficient care of the management and preservation of the property assigned to him – the budget granted to the administration of Sofia District for 2016 and a state-owned real estate property – as a result of which significant damages were inflicted on the state to the amount of BGN 116,216.

Besides the charge of premeditated abeyance, Penev will be held accountable for signing 3 disadvantageous deals, resulting in significant damages to the state to the amount of BGN 11,126,130. The three deals concern real estate properties sold to one and the same legal person whereby the selling price was significantly lower than the real market value of the properties.

Penev has been set bail of BGN 20,000. The Prosecutor’s Office has imposed a ban on him leaving the country without prosecutor’s permission.

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