In a recent report to Bulgaria’s Parliament, Interior Minister Ivan Demerdzhiev outlined ongoing investigations concerning individuals sanctioned under the US Global Magnitsky Act, with particular focus on politician Delyan Peevski. This report came after lawmakers requested access to detailed information about these ongoing inquiries. The Interior Ministry has revealed that the report consists of flight reservation and travel records spanning from 2023 to June 2026 for those under investigation. Officials have emphasized that while this data is essential for current investigations, it does not preclude any future law enforcement actions.
The primary focus of the investigation is to determine if the sanctioned individuals have been using associates, business entities, or other means to circumvent international financial restrictions, while still exercising control over their financial assets and business dealings. Bulgarian authorities are actively collaborating with the US Treasury Department to probe potential breaches of these sanctions. The controversy has intensified amid allegations concerning Peevski’s private jet usage and the funding sources for over 180 private flights, raising questions about their connection to his business ventures and assets linked to the notorious Corpbank case.
As the investigation unfolds, Bulgarian authorities are scrutinizing these flights and any potential ties they might have to business transactions and assets associated with the Corpbank affair. The scrutiny has been further fueled by suspicions regarding Peevski’s travels, and how these might relate to broader financial and business operations that could be evading sanctions.
Meanwhile, the Bulgarian Prosecutor’s Office has commenced inspections into possible misuse of passenger reservation (PNR) data after receiving numerous complaints. These inspections aim to determine the validity of the allegations and whether there is sufficient basis to initiate a formal criminal investigation. The outcome of these inspections is awaited as it will dictate the next steps in addressing any potential legal breaches concerning the use of such data.