Bulgaria 'Energy Mafia' Drained Billions from State Budget

Business » ENERGY | April 16, 2010, Friday // 11:15
Bulgaria Energy Mafia Drained Billions from State Budget: Bulgaria 'Energy Mafia' Drained Billions from State Budget Bulgaria’s Minister of Economy, Energy and Tourism, Traicho Traikov, says white collar crimes in his sector are the most difficult for prosecutors and judges. Photo by BGNES

Criminal abuse in the amount of BGN billions would be revealed through Bulgaria’s latest high-profile police operation codenamed “The Untouchables.”

The statement was made in a TV interview Friday by Bulgaria’s Minister of Economy, Energy and Tourism, Traicho Traikov.

Traikov further declared that secrets kept under the cover for many years in the economy sector emerge one by one and the discoveries are the biggest success of the cabinet of his ruling Citizens for European Development (GERB) party.

“White collar crimes are the most difficult to prove and this is a huge burden on the prosecution and the magistrates,” Traikov says.

On another topic, when asked if the price of electric power would indeed go down, Traikov replied the issue is now a priority of the State Commission for Energy and Water Regulation.

The Minister further pointed out that the visit of employees of the State Agency for National Security (DANS) in customer centers of the southern Bulgaria electric power distributor – the Austrian EVN on April 13, cannot be deemed a raid as media reported, but was rather a polite request for documentation.

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Tags: Traicho Traikov, GDBOP, Dambovtsi brothers, Octopus, Aleksei Petrov, organized crime group, Untouchables, Tsvetan Tsvetanov, energy mafia, power utility, Boyko Borisov, Prime Minister, electricity, electricity distribution companies, electricity providers, CEZ, EVN, EON, State Commission for Energy and Water Regulation, DKEVR, Konstantin Shushulov

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