Fri, Feb 10 2012

The state freezes 828 000 leva of former deputy prime minister's assets

Tue, Mar 31 2009 12:53 CET

byPetar Kostadinov

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The state freezes 828 000 leva of former deputy prime minister's assets

Alexander Tomov

Photo: Krassimir Youskeseliev

The Criminal Assets Forfeiture Commission (CAFC) has imposed a ban on funds and property worth 828 000 leva owned by Alexander Tomov, president of CSKA Sofia football club and former deputy prime minister and executive director of Kremikovtzi steel plant, the CAFC said on March 31 2009.

Tomov is currently under investigation for embezzlement during his time with Kremikovtzi and CSKA, periods that served as the reason for freezing his assets.

The CAFS concluded that the income reported by Tomov and his wife did not correspond with the value of the property and assets the couple owned. According to the SAFC, the difference was about 5000 minimum salaries.

Tomov's assets will be confiscated if the charges against him are proven in court. On February 6 2009 Tomov and three others were accused of embezzling 36 million leva from Kremikovtzi and CSKA.

Both the plant and the football club were owned by Indian tycoon Pramod Mittal who put Tomov in charge of his operations in Bulgaria. Later, Kremikovtzi and CSKA entered a deep financial crisis. The club was recently sold to Bulgarian refuse collecting company Titan AC for 10 million euro, according to Tomov's words. Kremikovtzi, on the other hand, is in deep financial collapse.

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