SOFIA Aug 12 Bulgarian prosecutors said on
Tuesday they have charged the main owner of Corporate Commercial
Bank (Corpbank), Tsvetan Vassilev, with embezzlement
and said there was an international warrant out for his arrest.
The bank was hit by a run on deposits in June that led to a
banking crisis in Bulgaria. It has remained shut since then.
Vassilev was accused of asking two employees at the troubled
lender to withdraw 206 million levs ($140 million) from the bank
Prosecutors said these funds were then transferred to
another company owned by Vassilev, one of Bularia's most
prominent businessmen, who is currently living outside Bulgaria
but whose exact whereabouts are unknown.
(1 US dollar = 1.4646 Bulgarian lev)
(Reporting by Angel Krasimirov; Editing by Susan Fenton)