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Money transfers by Kintex arms company to offshore company in Dubai under investigation

Kintex arms company
Photo: BGNES

The prosecutor’s office will investigate the cash transfers by state-owned arms company Kintex to an offshore company in Dubai. This was made clear after caretaker Minister of Economy Nikola Stoyanov ordered all documents connected with these transactions to be sent to the prosecutor’s office.

After the State Agency for National Security raided the company on 11 August, 2022, evidence was found of the payment of around 800,000 Leva (EUR 409,000) to a company in Dubai, the Energy Ministry says. 



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