Bulgarian businessman Tsvetan Vasilev accused controversial lawmaker Delyan Peevski of blackmailing him and asking to take over key companies in return for sparing Corporate Commercial Bank (Corpbank or KTB) back in 2014.
Loans taken out by the lawmaker from the Movement for Rights and Freedoms (DPS) at the time when Corpbank was placed under special supervision were worth BGN 150 M (EUR 76.67 M), he also maintained.
KTB was closed following a bank run in June of 2014 and declared insolvent at the end of that year, Vasilev being indicted with embezzlement by Bulgarian authorities. He has repeatedly argued the charges against him are politically motivated and has more than once blamed Peevski, widely pointed as his former business partner,…
Read the full article at: http://www.novinite.com/articles/173234/KTB Owner Vasilev Says He Was Blackmailed by Peevski Prior to Bank Run