Belgrade Court Grants Extradition of Tsvetan Vasilev to Bulgaria

Business | June 9, 2016, Thursday // 12:46
Bulgaria: Belgrade Court Grants Extradition of Tsvetan Vasilev to Bulgaria File photo

The High Court of Belgrade has granted the extradition of Bulgarian businessman Tsvetan Vasilev who is sought in connection with the insolvency of Corporate Commercial Bank (KTB).

The ruling is not final and can be appealed before the appellate court and the Serbian justice minister.

The decision was taken a month ago but the information becomes available only now.

According to media reports, Vasilev has already appealed his extradition before the appellate court.

In March 2015, the court granted his extradition to Bulgaria, but five days later the appellate court reversed the decision.

The majority shareholder of the now insolvent KTB is charged with embezzlement amounting to BGN 206 M.

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

Business » Be a reporter: Write and send your article
Tags: Bulgaria, Tsvetan Vasilev, KTB, Serbia, Belgrade, extradition, embezzlement
Bulgaria news (Sofia News Agency - 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." (Sofia News Agency - 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