$10M Bulgarian ‘defense’ money disappeared in Serbia

SOFIA, ($1=1.66 Bulgarian Levas) – The Bulgarian defense company VMZ-Sopot transferred $10 million to a Serbian company in 2018, but nothing was received for that money. This became clear during a hearing in the Temporary Parliamentary Audit Committee, learned BulgarianMilitary.com citing Free Europe Bulgaria.

The amount was paid under a contract for the supply of products worth more than $ 20 million. The chairman of the commission, Maya Manolova, said that the delivery should have taken place within 60 days, but this had not happened for three years, and the information on the deal was classified.

“According to public information, the payment was made by order of the Minister of Economy or the Prime Minister. “It seems that one of them has paid a” calmness “fee with public money in the direction of Serbia,” Manolova said. However, it was not clear from her words why this “fee” had to be paid and to whom exactly.

Representatives of the Management Board of VMZ-Sopot said that they do not have access to the documentation on the deal because it is classified at the request of the executive director of the company.

“The documentation on the deal has been handed over to the prosecutor’s office,” said Economy Minister Kiril Petkov during the meeting.

Information about the deal with Serbia was leaked by ABV leader Rumen Petkov in late August.

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