Indictment Handed to Former Corpbank Majority Shareholder Tzvetan Vassilev

The Serbian authorities have handed the summons to former banker and majority shareholder of Corporate Commercial Bank Tsvetan Vassilev and 11,000 pages of indictment. This became clear from the Eurojust judicial cooperation network, Bulgaria’s prosecutor's office said on 30th of January. Thus, the trial on the Corpbank siphoning off case is possible to start in February.

The specialized court postponed the strat of the proceedings twice on the grounds Vassilev was not regularly summoned. 17 other people have been charged and will be subject to the court case for siphoning off of nearly 2 billion and 500 million BGN from Corpbank.

The trial against Vassilev will proceed in absentia, as since 2014 he has been in Serbia. So far, extradition attempts have failed.