Tsvetan Vasilev

Tsvetan Vasilev, the former owner of the Corporate Commercial Bank (CCB), claimed that the bank had financed Delyan Peevski's family with approximately 500 million leva until mid-2013. Vasilev made these statements during a hearing before a temporary parliamentary committee investigating the influence of Petyo Petrov, known as Pepi "The Euro," and Martin Bojanov, nicknamed "The Notary."

President Rumen Radev will guarantee the security of banker Tsvetan Vasilev if he decides to return to Bulgaria and testify in the KTB case. This assured the head of state in Pomorie, said Nova TV.

Radev explained that by declassifying the two shorthand notes for the bank gave illumination in the scandal and hence it all now depends on the justice system.

The daughter of former banker Tsvetan Vasilev, Radoslava Vasileva, is charged with money laundering. A prosecutor's decree was issued for her detention in the period of 72 hours. This is what Vassilev's wife Antoaneta Vassileva said in an open letter to President Rumen Radev, published on the website of the former head of the bankrupt KTB Bank, reports SEGA. 

Serbia's Justice Ministry told BIRN Belgrade is seeking extradition of 120 person from other countries, while other states seek the extradition of 80 persons from Serbia.

One such case concerns the former Romanian MP and businessman Sebastian Ghita, who is wanted in Romania on several corruption charges.

Serbian workers at a glass company in Paracin, facing bankruptcy due to debts of around 50 million euros, are appealing to the government to help - and perhaps buy the firm.

"We've been informed that a pre-bankruptcy procedure was launched on May 5 … but we have had problems for a long time," Zivojin Matejic, from the union at Srpska Fabrika Stakla/ Serbian Glass factory, told BIRN.

An appellate court in Serbia has relegated a trial on the extradition of entretreneur Tsvetan Vasilev to a lower instance, private bTV station reports.

Vasilev has been in Serbia since 2014, following the run on his Corporate Commercial Bank (Corpbank or KTB) which led to the bank's collapse. Bulgarian authorities have been demanding his extradition.

Tsvetan Vasilev, a Bulgarian banker now living in exile in Serbia, has drained 2.5 billion leva (around 1.25 billion euros) from his Corporate Commercial Bank, CCB, which went bankrupt in 2014, international business consultancy firm AlixPartners said in a report made public this week.

Bulgarian businessman Tsvetan Vasilev drained BGN 2.5 B out of his own bank through special purpose vehicles, consultancy firm AlixPartners says in a report made public on Tuesday.

The report had been ordered by officials to track down the assets of Bulgaria's fourth-largest lender after its insolvency was declared in 2014.

Lawmakers in Bulgaria have voted to approve on second reading changes to the Bank Insolvency Act paving the way for the publication of a report tracking the assets of insolvent Corporate Commercial Bank (Corpbank or KTB).

Until now the text was only available in Parliament's secret registry, which was not accessible to the general public but only to lawmakers.

The Belgrade High Court has said it is to pursue with a decision on a pending extradition request from the Bulgarian government for businessman Tsvetan Vasilev, regardless of the latter's application for asylum.