/ world today news/ Almost half a billion are the loans of companies and individuals connected to the DPS and the deputy Delyan Peevski in the Corporate Commercial Bank. The statements of DPS leader Lyutvi Mestan and party leadership member Yordan Tsonev that the movement and their comrade Delyan Peevski have nothing to do with KTB and never had are total lies, writes the Frognews site.
500 million was given by KTB to the companies in question for the acquisition of shares, various activities, including for the payment of taxes, which they could not earn. We are talking about “Vodstroy 98” JSC, “Promishleno sydveto holding” JSC, “Vili Vist” JSC, “ZAIR 2009”, “Tabak Market”, “Blagoevgrad BT”, “Bulgartabac Holding”, JSC, “Hermes Solar” OOD, Balkan Media Company and others.
Some of the loans were not serviced, there were arrears, others at the last minute, before the bank was hit in June 2014, were transferred to other banks. First of all, in the First Investment Bank (PIB), which was also on the verge of collapse, but was saved by the state, which poured BGN 1.2 billion into it. Numerous cessions were also carried out. Whether this has become illegal will be decided by the prosecutor’s office. However, it is not clear whether it will be objective. The reason for the doubts is the two-time refusal of the prosecutor’s office to check what kind of income Peevski leads a luxurious lifestyle and whether he is connected to the business of various companies. The reports were filed by the Protest Network, but the state prosecutor’s office declined to investigate, Frognews added.
The site also publishes the list of companies related to DPS, Delyan Peevski, Dogan and Yordan Tsonev, which received half a billion from KTB:
Company “Vodstroy 98” JSC uses loans for about BGN 35 million and bank guarantees of over BGN 50 million. The loans and guarantees are mainly for the implementation of infrastructure projects. One of the loans is for the privatization of Industrial Construction Holding EAD. On 13.08.2014 “Vodstroy 98” AD received a loan from the Bulgarian Development Bank and refinanced all its loans from KTB with it. As collateral for BBR “Vodstroy 98” AD establishes a pledge on its commercial enterprise. In November 2014, “Vodstroy” JSC sold its shares from the capital of “Promishleno svetto holding” EAD to a third party. This is the main asset of “Vodstroy 98” AD. The question is: Do they know from BBR that “Vodstroy 98” JSC has sold its main asset – “Promishleno Zidavte Holding” JSC. And if they know, why do they allow such a thing? And if they don’t know, isn’t this a fraud and a gross violation of the law?
On October 5, 2014, “Capital” wrote: “The construction company “Vodstroy 98”, which is associated with Delyan Peevski and DPS, is selling its subsidiary company “Promishleno sydveto holding”. The deal is in the final stages, pending only a concentration permit from the Commission for the Protection of Competition (CPC). The buyer is the Burgas company “Stroy Invest”, whose owner Ivaylo Nikolov has a business in the field of outdoor advertising and has no experience in construction so far.
The parties to the transaction refuse to comment on the terms of it, but it is possible that it is part of the conflict between Delyan Peevski and the majority owner of KTB Tsvetan Vasilev. Industrial Construction Holding was privatized in 2011 with a loan from the bank and its main liabilities are still with it, while Vodstroy 98 has already escaped from KTB through refinancing from the state-owned Bulgarian Development Bank. Bulgartabac Holding, controlled by Peevski, did the same, but there loans were also taken from other institutions.
Despite its name, the Burgas company “Stroy Invest” does not develop construction activity, and according to the information provided to the CPC, its activity is in the field of consulting services (in the request for concentration, the company expressly prohibited the disclosure of data about it, but subsequently confirmed the transaction). “Stroy Invest” has symbolic assets and income. For the previous year, it received BGN 52 thousand from the sale of services and made a profit of BGN 31 thousand. A year earlier, no activity was reported.”.
“Industrial construction holding” EAD became a client of KTB after privatization. It uses loans for a little over BGN 30 million. The company entered into an assignment in October 2014 with the First Investment Bank and made the so-called interception. In this way, it clears almost all its debt to KTB, but owes it to FIB. The company is a major participant in the South Stream project. It is one of the shareholders of “Gas Project South” AD, which is part of the “Stroytransgaz” consortium together with the Russian “Centergaz” AD.
“Willie Whist” EAD. Uses a loan from KTB in the amount of BGN 10 million for the acquisition of shares from the capital of “Transstroy Burgas” AD. This company is associated with the name of the MP from the DPS Yordan Tsonev. Whether this is the case or whether they are rumours, the prosecutor’s office must find out if it undertakes an investigation into the cessions, as Prime Minister Boyko Borisov strongly recommends and insists. Because the company entered into an assignment in October 2014 with PIB and made a set-off. In this way, it clears almost all the debt to the bank and owes it to FIB. The loan was made early due by KTB on 20.06.2014 due to overdue debt (non-service).
Company “ZAIR 2009” EOOD. Its owner is Zara Petrova, with whom MP Delyan Peevski has a daughter. The company takes a loan for a clothing store on “Bulgaria” Blvd. in Sofia. The loan was repaid in full in November 2014 by “Balkanska Media Company” EAD, the sole owner of which is Peevski’s mother – Irena Krasteva.
“TOBACCO MARKET”. The company uses loans for over BGN 35 million for the “LAFKA” project. The company entered into an assignment in October 2014 with PIB and made a set-off. Thus, it clears all the debt to KTB, transferring it to FIB.
What do “Tabac Market”, “Droslian Bulgaria”, “Sibole Bulgaria” and “Industrial Construction Holding” have in common?
Here’s what the November 17, 2014 issue of clubz says: “What do “Tabak Market”, “Droslian Bulgaria”, “Sibole Bulgaria” and “Industrial Construction Holding” have in common? The general thing is that, apart from being under the hidden control of Delyan Peevski, the companies have overdue and early demand loans from the Corporate Commercial Bank. But recently, “Tabac Market”, “Droslian Bulgaria”, “Sibole Bulgaria” and “Industrial Construction Holding” have something more in common – all of them together agree to assign these overdue loans to KTB with another bank – PIB. Note, they do not resort to refinancing like Ahmed Dogan’s Hermes Solar. The four companies of Peevski’s empire are benefiting from the moribund claim of PIB in the bank after the bankruptcy of KTB. From Peevski’s assignment alone, the direct loss for the Deposit Guarantee Fund, which will have to liquidate KTB’s assets, is over BGN 100 million. One of the largest cessions that took place in KTB was for the debt of Tabak Market. The company is the sole owner of Tabak Trafik, through which it operates the chain of LAFKA kiosks. The owners of LAFKA had a liability of BGN 34.4 million. However, it was covered by a transaction with FIB. The bank, which was rescued with state funds, sold its claim on the “Air Property Development” case. According to two independent sources, this bankrupt company had an account with over BGN 103 million in KTB”.
“Blagoevgrad BT” JSC. It uses a loan for BGN 28 million. At the beginning of 2014, these millions were refinanced by other banks.
On June 18, 2014, Deutsche Welle wrote: “Once partners, today the banker Tsvetan Vasilev and the DPS MP Delyan Peevski are in conflict and in the process of “dividing” the assets to which they jointly had a relationship. According to mediapool.bg, the basis of the dispute is about BGN 100 million, which KTB believes belongs to it. At a press conference at the beginning of the week, KTB stated that at the time they granted a loan for over BGN 25 million to the Bulgartabac Holding company, with which Delyan Peevski is associated. However, a month ago, the debtor stopped paying the loan. Again, according to KTB, the bank should receive about BGN 80 million more from Bulgartabac’s profit for last year, since KTB holds 6 percent of the company’s shares. The bank did not receive the money in question because the majority owner decided not to pay dividends“.
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