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Misappropriation of funds for school trips detected

Nikolay Denkov
Photo: BGNES

Millions of euros have been siphoned off through fictitious student trips, the Ministry of Education reported.The Ministry had paid almost 4 million euros to the company "Student’s Recreation and Sports" over a period of 2 years but there were no documents or registrations of students in the hotels of the company.

The Minister of Education is principal of the company that cannot prove nearly 293,000 overnight stays for which financing was received from the ministry. The caretaker Minister Nikolay Denkov announced that he would send a signal to the Prosecutor General and the Agency for State Financial Inspection over reasonable suspicions of large-scale abuses of funds.

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