Bulgaria Heating Utility Head Likely to Hear Verdict on Thursday

Crime | June 25, 2009, Thursday // 07:57
Bulgaria: Bulgaria Heating Utility Head Likely to Hear Verdict on Thursday The former head of Sofia heating utility Valentin Dimitrov has seen the trial against him being postponed a number of times since the launch of the first of a number of cases at the beginning of last year. Photo by Sofia Photo Agency

Bulgaria's court is expected to deliver its final verdict in the trial against the notorious former head of Sofia's heating utility, who is accused of embezzlement and causing losses to the company.

The prosecution requested on Wednesday a 15-year jail sentence for Valentin Dimitrov as well as a garnish of his entire assets along with the assets of another defendant, Lina Albanska, owner of the "Shibar" company.


Another former "Toplofikazia" Director, Georgi Rogachev, Dimitrov's assistant Emil Antonov, Maya Stoilova and Lina Albanska have been charged, along with Dimitrov, with embezzling nearly BGN 6 M.

The prosecution further asked the confiscation of certain assets of Rogachev, Antonov and Stoilova and jail time sentences.

Bulgaria's Penalty Code provides for 10 to 20 years behind bars for similar crimes.

According to prosecutors, Valentin Dimitrov together with managers Georgi Rogachev, Lila Ablanska, Maya Stoilova and Emil Antonov, caused losses to the company by buying luxury goods and spending company money on holidays. Dimitrov even installed a Jacuzzi in his office despite the troubled financial condition of the state owned company.

Dimitrov has repeatedly denied the charges against him.
Over one year ago, Dimitrov was sentenced to five years in jail, but was later released on bail.

He was arrested after the heating utility had to file for bankruptcy in 2005.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Crime » Be a reporter: Write and send your article
Tags: Valentin Dimitrov

Advertisement
Advertisement
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