Bulgaria's Alfa Finance says appeals court finds no crime committed in 2012 sale of Kaolin shares
Photo: Nadezhda Chipeva, Capital
SOFIA (Bulgaria), April 6 (SeeNews) - Bulgaria's Alfa Finance Holding said on Tuesday that the Sofia Appellate Court has issued a final decision dismissing the criminal charges against three of its major shareholders over the sale of shares in the capital of mineral extracting and processing company Kaolin.
The court dropped the charges of transformation of illegal property brought against Ivo Prokopiev, Ivan Nenkov and Konstantin Nenov on March 26 as it found no crime had been committed related to their involvement as board members of Alfa Finance Holding in the sale of shares in Kaolin on the stock exchange in Sofia, Alfa Finance Holding said in a statement.