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MPs Turn Down Proposal to Open Politicians' KTB Credit Files

Business » FINANCE | August 4, 2014, Monday // 16:10| Views: 1219 | Comments: 5
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Bulgaria: MPs Turn Down Proposal to Open Politicians' KTB Credit Files Photo by Hristina Dimitrova

Bulgarian lawmakers have rejected a motion that would have revoked the secrecy protecting credit files of politicians at Corporate Commercial Bank (KTB).

The bill was proposed by Yordan Tsonev, an MP from the liberal Movement for Rights and Freedoms (DPS) who was also the Chair of the outgoing Parliament's Budget and Finance Committee.

Tsonev, alongside DPS leader Lyutvi Mestan, argued before the vote the idea was one serving "public interest", as lifting of the banking secret regarding politicians who hold their assets in KTB would have cast more light on the recent developments at the bank, which is now under the special supervision of Bulgaria's central financial institution BNB.

MPs took the step during the last session of  the 42nd National Assembly, which is to be dissolved later this week.

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Tags: Corporate Commercial Bank, KTB, Lyutvi Mestan, Yordan Tsonev, Budget and Finance Committee, parliament, DPS
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» To the forumComments (5)
#5
Bruce Gaskell - 5 Aug 2014 // 09:07:09

Hi - Thanks for the explanation - trying to understand what is going on .Perhaps you could explain what really happened ?

#4
Beast of Burgas - 4 Aug 2014 // 20:33:22

Poor naive Brucie - Of course the DPS are in favor of 'transparency' with KTB - any DPS individual or related company with accounts there were ordered by Dogan & Peevski to withdraw all funds & close down their accounts which resulted in the run and the apparent 'bankrupting' of KTB as punishment for Vassilev daring to cross Peevski.

#3
EDC - 4 Aug 2014 // 18:41:50

Does this mean DEBTS WILL VANISH FROM KTB RECORDS?

#2
EDC - 4 Aug 2014 // 18:35:36

Perhaps the EUC will DEMAND TRANSPARENCY .to be sure that all actions are legal and correct .
What are the MP,s trying to hide ?
How can they be trusted if they will not be open to the public ?

#1
Bruce Gaskell - 4 Aug 2014 // 16:43:41

Congrats to Tsonev and Lyutvi Mestan - expose the criminals - let the media follow up...