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Bulgarian Prosecutors Deny Political Motives for Nexo Investigation
Summary: Siika Mileva, a spokesperson for Bulgaria’s prosecutors, has denied claims that the investigation against crypto lender Nexo was impelled by the company’s political donations, according to local reports. On Jan. 12, prosecutors searched company sites in the Bulgarian capital city of Sofia for money laundering and violations of Russia’s international sanctions. Four people were charged ...
Siika Mileva, a spokesperson for Bulgaria’s prosecutors, has denied claims that the investigation against crypto lender Nexo was impelled by the company’s political donations, according to local reports.
On Jan. 12, prosecutors searched company sites in the Bulgarian capital city of Sofia for money laundering and violations of Russia’s international sanctions.
Four people were charged with a series of fraud crimes, two of whom were released on a $550,000 bail, two of whom still remain unfound.
Nexo complained about the interruptive nature of the raid on Twitter, claiming the prosecutors did not provide a search warrant for hours and never identified themselves to the employees. The company said it was planning a lawsuit for damages caused by the raid.
Author: Tris Bell
Tags: Bulgaria,crypto lender,donations,Fraud,investigation,Lawsuit,Money Laundering,Nexo,prosecutors,Raid,Sanctions,Sofia
Link: Bulgarian Prosecutors Deny Political Motives for Nexo Investigation [Copy]
