The main investigation into Corporate Commercial Bank (Corpbank), which collapsed in 2014, has been completed, the specialised prosecutors office announced on February 22. Prosecutors have charged 18 people after interrogating more than 400 witnesses.
In June 2014 Corpbank, then Bulgarias fourth largest lender, suffered a bank run that deprived it of liquidity. It was put under central bank administration and an audit showed a BGN3.75bn (1.9bn) capital hole. As a result, the banks licence was revoked and it was declared insolvent in April 2015.
The list of those charged begins with Corpbanks majority shareholder Tsvetan Vassilev, who has been a fugitive in Serbia since 2014 and has so far avoid…
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