The collective shopping internet site Grabo will reimburse Bulgarian defrauded by the Euro Holidays company with a total of BGN 145 000.

Grabo informs that the sum equals the price offers advertised on their site – those who purchased a vacation to the Maldives will receive BGN 999 each while those who booked Corfu – BGN 350. The collective shopping company will then sue Euro holidays for damages.

225 people from all over the country have paid between BGN 350 and 4 000 for fake vacations to the Maldives and Corfu offered by the Plovdiv-based company "Euro Holidays."

Nikola Petkov, Director of Grabo, says money for airline tickets cannot be returned since the bank transfers were made by customers directly to Euro Holidays. Grabo is further filing a collective claim and will pay court expenses.

Petkov explains the contract with his firm has been signed in the presence of representatives of the Plovdiv company, precisely Venelin Kachakov, who is believed to be the mastermind of the scam and consultant, Georgi Pasev, whose long-term experience and competencies made "Euro Holidays" look impeccable. In addition, they had a travel agent license, renewed without expiration in 2005, which is the only document needed for tourist operations.

Kachakov, financial director of Euro Holidays, was the first one to be detained in connection with the case. He is among the top Plovdiv functionaries of the ruling Citizens for European Development of Bulgaria, GERB, party. GERB now say they want him to be expelled from their ranks.

Pasev and the registered owner of the company, Georgi Hristov, are also under arrest. All three are charged with large-scale fraud.

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