Acquittal of all defendants in sale of 33% in EVN Bulgaria takes effect - Alfa Finance EVN Bulgaria / All rights reserved.
SOFIA (Bulgaria), May 11 (SeeNews) - Bulgaria s Alfa Finance Holding said on Tuesday that the Appellate Specialised Criminal Court s decision to acquit one of its major shareholders, three employees of its unit Bulbrokers and two ex-government ministers in a case for the sale of a stake in power utility EVN Bulgaria Elektrorazpredelenie has entered into force.
The prosecutor s office had decided not to appeal the decision within the 15-day deadline, which expired on May 5, Alfa Finance Holding said in a statement.
Bulgaria s Alpha Finance says court upholds acquittal of owner, ex-ministers in EVN unit sale case EVN Bulgaria / All rights reserved.
SOFIA (Bulgaria), April 20 (SeeNews) - Bulgaria s Alfa Finance Holding said on Tuesday that the Appellate Specialised Criminal Court has upheld the acquittal decision of the lower court regarding the participation of a company owner, three employees of its unit Bulbrokers and two ex-government ministers in the privatisation of a stake in power utility EVN Bulgaria Elektrorazpredelenie.
The appellate court upheld the decision of the first instance court, saying that the sale of the remaining state-owned stake of 33% in the power utility majority owned by Austrian energy group EVN, had not caused damages to the state and the actions of the six defendants can not be classified as crimes, Alfa Finance Holding said in a statement.
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.