site.btaTwo NEK CEOs Charged in Connection with Belene N-Plant Project

Two NEK CEOs Charged in Connection with Belene N-Plant Project

Sofia, October 17 (BTA) - The Sofia City Prosecution Office has charged two executive directors of the National Electric Company (NEK), Lyubomir Velkov and Mardik Papazian, with concluding an unprofitable transaction resulting in a detriment exceeding 77 million euro, the prosecution service said.

According to the prosecution case, on November 28, 2007, in their capacity as NEK CEOs, Velkov and Papazian knowingly concluded a framework agreement on the supply of equipment from the amount located at the Belene N-Plant to the value of 205 million euro with the President of AtomStroyExport JSC, Moscow, thereby inflicting detriment of 77,172,475 euro on NEK.