Tuesday, March 13, 2012

Heating utility boss gets 14 years in jail

A former chief executive of Sofia's heating utility company has been given a 14-year jail sentence for embezzling funds from the company.

The Sofia City Court declared Valentin Dimitrov guilty of embezzling euro3 million ($4.2 million), sentenced him to 14 years in prison and ordered the confiscation of all his property. Two other company officials, Lina Ablanska and Maya Stoilova, were sentenced to 12 and 10 years in prison.

Dimitrov headed Sofia's heating monopoly for ten years, and was fired in 2006 over the embezzlement scandal. It was not immediately clear whether the sentences will be appealed.

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