Business | July 5, 2001, Thursday // 00:00

The investigative authorities advised that Dimitur Dimitrov, dealer Pavel Trenev and another five employees of the Central Cooperative Bank (CCB) should be tried for the disappearance of $6 M, which businessman Michael Chorny, expelled from Bulgaria in 2000, transferred to a CCB account. The Special Investigations Service has moved the case to the Sofia City Prosecutor`s Office. Dimitrov and Trenev are accused of receiving two 3-million-dollar transfers from Blond Investment Corporation owned by Chorny and Joseph Karam. Chorny made the transfers on April 28 and May 3, 1995, to a CCB account with Suisse Bank Corporation in New York. Half of that money went to the Bulgarian Agricultural and Industrial Bank and companies from the so-called Orion circle. Trenev was detained in Sofia on April 20 after being on the run from the police and Interpol for five years and was charged under Article 203 of the Penal Code with gross embezzlement. He could receive a sentence of 10-30 years in prison. Dimitrov was extradited from Venice in December 2000. Trenev and Dimitrov remain in custody after the court refused to release them on bail as it did with the other five defendants.

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