Bulgaria Extradites Ex-Magistrate to Austria for Money Laundering Charges ===
Bulgaria has extradited a former magistrate to Austria to face money laundering charges, according to Bulgarian officials. The extraditee, identified as Krasimir Georgiev, served as a magistrate in Bulgaria’s regional court for nearly a decade. He is accused of being involved in a money laundering scheme worth millions of euros.
Bulgaria Extradites Ex-Magistrate to Austria
Krasimir Georgiev was extradited from Bulgaria to Austria in early June 2021. He was arrested in Bulgaria in 2019 after Austrian authorities requested his extradition on charges of money laundering. Georgiev is accused of laundering around 20 million euros through bank accounts in Austria and Bulgaria. He reportedly used his position as a magistrate to help the criminal group involved in the scheme.
Georgiev’s extradition came after a prolonged legal battle between Bulgaria and Austria. The Bulgarian courts initially denied Austria’s request, citing issues with the evidence presented. However, an Austrian court later ruled that the evidence was sufficient, and Georgiev was extradited. The Bulgarian Ministry of Justice said that the extradition demonstrated the country’s commitment to fighting crime and cooperating with other European Union member states.
Charged with Money Laundering
Krasimir Georgiev is accused of taking part in an international money laundering scheme that involved dozens of people. The scheme reportedly involved laundering money through a number of companies and bank accounts in Austria and Bulgaria. Georgiev is alleged to have used his position as a magistrate to provide support to the criminal group behind the scheme. He is now facing charges of money laundering, fraud, and abuse of power in Austria.
The investigation into the money laundering scheme is ongoing, and more arrests are expected. The case has highlighted the need for international cooperation in fighting financial crime. Money laundering is a serious offense that can have devastating effects on economies and communities. By working together, countries can share information and resources to better tackle financial crime and bring those responsible to justice.
The extradition of Krasimir Georgiev from Bulgaria to Austria is a significant development in the fight against financial crime. It demonstrates the importance of international cooperation in combating money laundering and other forms of economic crime. As the investigation into the money laundering scheme continues, it is important that countries work together to prevent similar crimes from occurring in the future.