Bulgaria: SANS to take full control of privatizations

Bulgaria: SANS to take full control of privatizations

Attorney General Ivan Geshev entrusted the State Security Service (SANS) with full control of the entire privatization process and subsequent control of those responsible for ministries, departments and other public services.

The audit should cover all privatization transactions, payments made, regardless of the type of payment method, and all measures taken to conduct post-privatization supervision, the prosecutor’s office said.

SANS will need to determine whether the penalties provided for in the privatization contracts, the interest, compensation and bank guarantees provided for in the privatization contracts in the event of partial or total default have been collected. In this context, it should be ascertained whether the privatization contracts have been canceled in the event of non-implementation.

Inspectors will need to determine how all the documents of the current audit after privatization have been maintained, whether the privatization contracts have been audited, and whether the public records were updated in a timely manner.

The scope of the audit should analyze the audit reports of the Court of Auditors and the actions that have been taken to comply with the instructions given./ibna