Greek Companies Launder Money for Bulgarian Mafia - Report

Crime | August 19, 2011, Friday // 10:03
Greek Companies Launder Money for Bulgarian Mafia – Report: Greek Companies Launder Money for Bulgarian Mafia - Report In partnership with 10 bogus Bulgarian companies, 25 Greek firms have conducted fake deals to launder money amounting to EUR hundreds of millions a year. File photo

An estimated twenty five Greek companies provide cover for the Bulgarian mafia, acting in northern Greece.

The information comes from a joint probe of Bulgarian and Greek police, cited by the Bulgarian 24 Chassa (24 Hours) daily.

The Greek companies launder money from illegal drugs and weapons trading and human trafficking.

In partnership with 10 bogus Bulgarian companies, the Greek conducted fake deals amounting to EUR hundreds of millions a year in scams to illegally drain Value Added Tax (VAT).

The tax fraud was discussed as early as May 2011 by Bulgarian Interior Minister, Tsvetan Tsvetanov and Christos Papoutsis, the Greek Minister for Citizen Protection. This is when the probe began as well.

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: bogus, Bulgarian, mafia, Greek, fake, launder, money, VAT, dugs, weapons, draining, illegal, trade, human trafficking, Chrisos Papoutsis, Tsvetan Tsvetanov
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
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