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Former Bulgarian energy minister charged with deliberate mismanagement

Xinhua, January 4, 2017 Adjust font size:

A former Bulgarian energy minister was charged with deliberate mismanagement that caused the state damages worth 13.9 million U.S. dollars, the national prosecutor's office said on Tuesday.

In 2011, Traicho Traikov, who was energy minister from 2009 to 2012, in violation of the sectoral privatization strategy, has agreed to the sale of the government stake in one of three nationwide electricity distribution companies, the statement said.

The investigation found that as a result of the sale, the state suffered damage amounting to 20.83 million lev (some 13.88 million U.S. dollars at the then exchange rate).

In connection with this investigation, the prosecutors would also charge the then finance minister Simeon Djankov, the statement added. Endit