Bulgarian Parliament Adopts Criminal Assets Forfeiture Bill on First Reading

Bulgarian Parliament Adopts Criminal Assets Forfeiture Bill on First Reading

Bulgaria's Parliament on Thursday adopted on first reading a Criminal Assets Forfeiture Bill sponsored by MPs from the centre-right ruling party GERB.

The proposal was approved with 121 MPs in favour and 70 against, as 10 abstained, the state-run Bulgarian News Agency (BTA) reported.

Under the new bill, civil asset forfeiture proceedings against alleged top criminals can be launched independently of any criminal trials when the difference between someone's income and assets is at least 250,000 levs ($166,000/128,000 euro), the Bulgarian National Radio said.

The inspection will cover a period of 10 years prior to the investigation.

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