Fugitive Tycoon Seeks Road to Power in Most Corrupt EU State

Bulgarian prosecutors call Vasil Bozhkov the nation’s most dangerous man. Now the fugitive gambling tycoon is planning to return home to exonerate himself by toppling the government.

Once ranked among eastern Europe’s richest people, the 63-year-old has been in a self-imposed exile in Dubai since January. He’s awaiting a decision on extradition after Bulgaria charged him with 18 crimes. Bozhkov denies wrongdoing and accuses Prime Minister Boyko Borissov’s government of extortion.

“I’m planning to enter politics,” Bozhkov said by phone from Dubai, where he was briefly detained and then released. “We need a new political project. Power must be seized from Borissov.”

The chance of success doesn’t look great for a man who has been the target of the authorities in the European Union’s poorest and most corrupt country. Yet his fighting talk comes at an awkward time for a leader grappling with the fallout from coronavirus and whose third term has been mired in graft scandals and investigations into ministers and party officials.

The European Commission estimates the Covid-19 pandemic will cut gross domestic product by 7.2% this year. While Borissov’s public approval rose by 10 percentage points during the crisis, he faces a general election next spring after the full extent of the economic hit has become clear.

The Opposition Socialists called Monday for a parliamentary investigation into Bozhkov’s ties to the government. They’re starting a nationwide petition next week to seek public support for their call on Borissov’s administration to resign, Chairwoman Kornelia Ninova told reporters.

Borissov has been repeatedly asked about his ties to the businessman, whom he has met numerous times. Bozhkov accuses the prime minister of profiting from him, which Borissov has strenuously denied.

Extortion Accusation

Since joining the EU in 2007, Bulgaria has struggled to crack down on graft, and Transparency International ranks it as the most corrupt member.

Only a handful of people have been convicted for the more than 150 high-profile assassinations during the transition. Many took place when Borissov, who worked as former communist leader Todor Zhivkov’s private bodyguard in the 1990s, was in charge of the national police as chief secretary at the Interior Ministry and later mayor of Sofia.

Amid a push by the government to reinsert itself into an array of industries, including the lottery, Bozhkov says it’s the government that has acted illegally. He insists that since 2017, he was extorted to pay more than 60 million lev in cash directly to Borissov and Finance Minister Vladislav Goranov to keep his business.

Geshev said authorities will take a look into the accusations. Goranov said Sunday that they “aim to discredit” the government, while Borissov said in a televised interview Friday that he has taken “not a cent, not a lev, not a euro” from Bozhkov.

President Rumen Radev, who’s an ally of the Socialists, said Bozhkov’s intentions to enter politics are “not serious” and would be “hard to accomplish,” BNR radio reported. Still, he said that Bozhkov’s allegations against the government were “disturbing.”

Bozhkov said he fears arrest if he tries to return to Bulgaria, but he eventually wants to.

“I can keep on like this for several hundred years,” he said. “But I don’t like it. I need to get back home.”

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