The High Court in Belgrade has ruled that the request of the Bulgarian investigators for the extradition of the majority owner of Corporate Commercial Bank (CCB) is well-grounded. The ruling however is at first instance and the banker’s lawyers have already appealed it at Serbia’s Court of Appeal. The Bulgarian prosecutor’s office has brought charges against Tzvetan Vassilev for siphoning more than 100 million euro from Corporate Commercial Bank whose majority owner is his company Bromak. When the bank was placed under special supervision at the end of June 2014 Vassilev was in Vienna and refused to come back to testify before the court for fears over his security. After he was declared wanted by Interpol he surrendered to the Serbian authorities on 16 September last year.