Bulgarian Police Look into Suspected Money Laundering Scheme in Plovdiv

Crime | May 11, 2016, Wednesday // 20:04| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgarian Police Look into Suspected Money Laundering Scheme in Plovdiv

Police in Bulgaria’s Plovdiv have launched an investigation into a suspected money laundering scheme involving close to USD 1 M, the Prosecutor’s Office of Bulgaria announced on Wednesday.

A 53-year old man has been detained in police custody for 24 hours in connection with the investigation supervised by Plovdiv Region Prosecutor’s Office.

The man is a former manager of a bank branch in Bulgaria’s second largest city, according to BNR public radio broadcaster.

The name of the bank wasn’t disclosed.

The investigation has found that bank transfers to China, Netherlands, USA and Malta had been made using false documents. More than 25 transactions had been carried out between March 2015 and January 2016, BNR said citing police sources.

A 29 year-old man from Plovdiv who made the transfers has been detained on charges of using false documents in the transactions. He was released on a BGN 10,000 bail after he explained his own actions as well as the actions of possible accomplices and agreed to cooperate with the investigation, the Prosecutor’s Office said.

The investigation also looks into other money transfers totalling more than USD 1 M to establish the origin of the funds and decide whether to press money laundering charges for that sum as well.

Crime » Be a reporter: Write and send your article
Tags: Bulgaria, Plovdiv, police, money laundering, bank, branch, Prosecutor’s Office
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria