Sat, May 26 2012

Court hearing in former Kremikovtzi CEO case postponed

Wed, Apr 07 2010 11:12 CET

byThe Sofia Echo staff

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him, said in March that the case was politically-motivated and the end result of political pressure, applied once he rescinded a security contract with Alexei Petrov, arrested in as part of the police operation Octopus in February, on charges that included the alleged syphoning off of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

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous prolet Thu, Apr 08 2010 15:16 CET
Report Comment

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
Report Comment

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
Report Comment

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
Report Comment

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


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Kremikovtzi auction scheduled for September 13

Auction for assets of bankrupt Bulgarian steel giant Kremikovtzi scheduled for September 13 2010.

Former Kremikovtzi CEO vows to sue former Bulgarian economy minister

Alexander Tomov says that the lawsuit against him was the end result of political pressure, applied once he rescinded a security contract with Alexei Petrov.

Former president blames new owners for CSKA Sofia debts

Alexander Tomov, the former CSKA Sofia president has accused the club's current owners, Titan, of being responsible for the club's financial problems.

Defendant stalls his court case by running for Parliament

Controversial businessman and politician Alexander Tomov's decision to run for European Parliament stalls the case against him

More in this category

Saab awarded $2.4M military training equipment contract in Bulgaria

The funding is provided under the foreign military sales programme of the US army's Program Executive Office of Simulation, Training and Instrumentation.

Two Brits fined for hooliganism in Bulgaria’s Veliko Turnovo

The UK nationals were arrested after throwing beer bottles at people after being refused entry to a restaurant that had closed for the night.

Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites

Restoration and development projects include Madara Horseman, Arbanassi fortress, Magura cave.

Sovereign Order of Malta assists hospital in Bulgaria’s Iskrets

Simeon Saxe-Coburg and his spouse Margarita opened a new heating and insulation system at the Tsar Ferdinand Hospital for Pulmonary Diseases in Iskrets, a project implemented thanks to the Embassy of the Sovereign Order of Malta in Sofia and the Nando Peretti Foundation.

Bulgarian Parliament passes confiscation act

According to the law's provisions, the commission will have the power to investigate individuals without prior notification and would not require a criminal conviction in order to launch an investigation.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.