Bulgarian entrepreneur allegedly falsified documents for a loan to fund construction of a dairy processing facility. Prosecutors said that the entrepreneur requested the loan after receiving support from the Bulgarian’s State Fund for Agriculture to build and manage a factory designed to process raw milk and other dairy products. The request was rejected upon review of the paying agency, who said the application did not meet certain requirements. EPPO told OCCRP that the bank guarantee on the application was only set to come into force on the day the advance payment was received, rather than the date of the application’s issuance.
Source: , 2024-07-02; https://www.occrp.org/en/daily//en/daily/18841-bulgarian-entrepreneur-charged-with-fraud-to-obtain-eu-funds-for-dairy-facility