Litex Lovech owner Ganchev back in court over tax fraud and death threats

grisha ganchev

By Alexander Krassimirov
May 12 – The owner of Bulgaria’s Litex Lovech, Grisha Ganchev (pictured), is back in court charged with tax crimes alongside 10 others who together, says the public prosecutor, form part of a criminal organisation.

Ganchev is charged with being the head of the criminal group. He is also charged with issuing a death to the head of the National Revenue Agency Krasimir Stefanov.

Bulgaria’s Special Public Prosecutor claims Ganchev and his associates conspired to avoid tax liabilities of BGN 711 580 (€355,790), by the sale of sugar produced in their Burgas and Devnya sugar factories that were kept out of the accounts.

The initial indictment was filed in court on 30 December 2014. However court proceedings were suspended and the case referred back to the Special Public Prosecutor following a number of procedural violations. While the procedural irregularities have now been dealt with the charges against the members of the group have not, and remain unchanged, a court statement said.

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