KPCONPI strike against illegally acquired property
The Commission for Illegal Assets Forfeiture (KPCONPI) has achieved a significant judicial success, securing the forfeiture of assets worth over 720,000 euros to the state across four separate cases.
The court rulings concern individuals accused of participation in organized crime groups involved in human trafficking, fraud, and money laundering.
Major confiscations by city:
- Sofia: Forfeiture of property worth 189,901 euros, including real estate (a cafe and apartments) and vehicles, linked to charges of human trafficking and document fraud.
- Varna: Confirmed forfeiture of assets worth 111,083 euros, including agricultural land and housing in Novi Pazar and Shumen.
- Vidin: The court ordered the forfeiture of property worth 430,128 euros, including company shares and real estate following a money laundering investigation.
The Supreme Court of Cassation also ordered the final forfeiture of 22,311 euros from an individual convicted of smuggling precious metals from Turkey. Most of the decisions are subject to appeal, while the case in Sliven is final.