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Court hearing in former Kremikovtzi CEO case postponed

Wed, Apr 07 2010 11:12 CET 2649 Views 5 Comments
Court hearing in former Kremikovtzi CEO case postponed

Alexander Tomov

Photo: Assen Tonev

Sofia City Court postponed its latest hearing of the case against the former chief executive of Kremikovtzi steel mill and former president of CSKA football club, Alexander Tomov, website investor.bg reported on April 7.

The court had to postpone proceedings because one of Tomov's co-defendants, Bozhko Bonev, former director at Finmetals, the company that holds 73 per cent in Kremikovtzi and is owned in turn by Indian tycoon Pramod Mittal's Global Steel Holdings, was operated for a hernia. The next hearing was scheduled for May 4.

Tomov, Bonev and former CSKA chief executive Alexander Garibov, along with former Kremikovtzi board director Ivan Ivanov, are accused of alleged embezzlement of 29 million leva from Kremikovtzi and five million euro from CSKA.

Tomov was chief executive of Kremikovtzi and CSKA Sofia in 2005/09, when both were owned by Mittal. CSKA has since been sold and Kremikovtzi faces liquidation after a court rejected a recovery plan drafted by the bankruptcy receiver.

Tomov, who denies the embezzlement charges against him, said in March that the case was politically-motivated and the end result of political pressure, applied once he rescinded a security contract with Alexei Petrov, arrested in as part of the police operation Octopus in February, on charges that included the alleged syphoning off of funds from Kremikovtzi.

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Comments

Anonymous prolet Thu, Apr 08 2010 15:16 CET

PR - Off-topic ?!

Цензурирането на свободно изказано мнение само доказва, че България е твърде далеч от понятието за демократична държава.

Anonymous William Thu, Apr 08 2010 11:00 CET

This is a joke! Alexander Tomov had been managing to escape justice for some time… for how long this man will make fool of everyone … and most importantly the entire Bulgarian justice system. Things like that would not happen in civilized countries!

AnonymousPRThu, Apr 08 2010 10:39 CET

This comment has been removed by the moderator because it contained off-topic content

Anonymous blighty Wed, Apr 07 2010 19:00 CET

These people are just sticking two fingers up at Bulgaria. The case should continue without them.

Преглед на профил Десен Wed, Apr 07 2010 11:37 CET

A lawsuit is such a drag in Bulgaria.
Next time probably his operation would have to be checked, he will have indigestion or something...


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