Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

International campaign launched against money laundering and cryptocurrency fraud

Photo: EPA/BGNES

Pursuant to a European Investigation Order from Germany, the Sofia City Prosecutor's Office and the police are investigating an international organized crime group for financial instrument fraud. The action has been coordinated with Eurojust and Europol, the prosecutor's office announced.

A network of cryptocurrency fraud, tax crimes and money laundering operating from Bulgaria, Cyprus and Serbia has been busted. The network defrauded numerous victims in Germany, Switzerland, Austria, Australia and Canada out of tens of millions of euros. 

During the action in Germany, Bulgaria, Cyprus and Serbia, 4 call centres and 18 other sites with 250 workplaces were searched, more than 250 people were questioned, more than 150 computers and numerous data carriers and currency were seized. 14 persons were detained in Serbia and one in Germany.

The Bulgarian authorities have interrogated 42 persons, of which 6 are foreign citizens. The questioning of more than 50 witnesses and checks of accounting documents continue. 33 German police officers participated in the actions in Bulgaria, Cyprus and Serbia.

The action in Sofia affected the crypto trading company NEXO. In the position of the company, it is emphasized that they do not develop activities in Bulgaria and that they will file a lawsuit against the authorities for breaking up their business.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

A frosty morning followed by a calm and sunny day

On Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..

published on 11/5/24 7:05 PM
Ivelin Mihaylov of Velichie party

CEC Public Council: For the first time a party is left outside parliament for lack of 21 votes

For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..

published on 11/5/24 5:19 PM
Kamelia Neykova

CEC sends CCTV footage from polling stations to prosecutors 

The Central Election Commission (CEC) is sending the prosecutor the video recordings of the ballot count in 7 polling stations where there is a discrepancy in the number of votes counted.  The prosecutors will have to check whether there is..

published on 11/5/24 4:19 PM