Bulgarian finance minister suspects companies’ billions goes to corruption

“According to preliminary information, there are huge cash balances – this is money that the company does not keep in a bank, but claims to keep in a safe,” the caretaker finance minister said. [Shutterstock/ Circlephoto]

Companies holding billions in cash rather than in banks are probably using this resource for “corruption and vote-buying”, caretaker Bulgarian Finance Minister Asen Vassilev told national radio in an interview on Sunday, adding that an investigation is currently being carried to see whether the cash companies have said they have is there.

“According to preliminary information, there are huge cash balances – this is money that the company does not keep in a bank, but claims to keep in a safe,” the minister said.

“We are talking about billions […] if vote buying is true, it is probably the money for the corrupt and dark business. If this money is not in the companies, the first question is where the money is,” said Vassilev.

The minister promised that the results of the inspection would be announced next week.

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