Bulgaria risks turning bank woes into 'gold mine' for blackmail - president


  • World
  • Friday, 25 Jul 2014

SOFIA (Reuters) - Bulgaria's President Rosen Plevneliev urged lawmakers on Friday not to try to hush up the activities at troubled lender Corporate Commercial Bank (Corpbank) or risk opening themselves up to blackmail about their connections to it.

Clients unnerved by reports of shady deals by Corpbank's main owner withdrew more than a fifth of deposits in a week-long bank run in June, forcing the central bank to take control of the lender, shut down its operations and order an audit.

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