• The Nexo drama has caused political tension in Bulgaria after it was revealed that firm employees had donated to one of the parties.
• The scandal has triggered a massive verbal fight between the leading political parties in Bulgaria, with GERB alleging Democratic Bulgaria and We Continue the Change of having close ties with the distressed entity and even receiving significant donations from it.
• Numerous MPs have countered, claiming that members of GERB have intentionally launched such attacks against their rivals to prevent them from forming an acting government.
The Nexo drama is causing political tension in Bulgaria after it was revealed that employees of the cryptocurrency lending platform had donated to one of the political parties. The scandal has prompted a massive verbal fight between the leading political parties in the country, with the ruling party GERB accusing Democratic Bulgaria and We Continue the Change of having close ties with the distressed entity and even receiving large donations from it.
However, numerous MPs have countered these allegations, claiming that members of GERB have intentionally launched such attacks against their rivals to prevent them from forming an acting government. The accusations have caused an uproar in the Bulgarian political scene, with both parties trading barbs over the issue.
The scandal broke out after it was revealed that Nexo had been involved in illegal financial activities, such as money laundering and fraud. This prompted a thorough investigation by Bulgarian authorities, with the firm’s employees being questioned and documents being seized. In addition, it was revealed that several Nexo employees had donated hefty sums of money to one of the political parties.
This sparked a heated debate in Bulgaria, with the ruling GERB party accusing the opposition Democratic Bulgaria and We Continue the Change of having close ties with the distressed entity and even receiving significant donations from it. The accusations were further fuelled by the fact that the donations were made shortly before the 2017 Bulgarian general election, sparking allegations of electoral fraud.
In response, numerous MPs have countered the allegations, claiming that GERB members have intentionally launched such attacks against their rivals to prevent them from forming an acting government. They further argued that the ruling party was trying to distract the public from the Nexo scandal by blaming the opposition.
In a statement, the Democratic Bulgaria and We Continue the Change party denied any involvement in the scandal, stating that they have never received any donations from Nexo or its employees. The party further accused the ruling party of using the Nexo scandal as a political tool to discredit their rivals.
The Nexo scandal has caused turmoil in Bulgaria, with the political parties locked in a bitter verbal fight. GERB has accused the opposition of having close ties with the distressed entity and even receiving significant donations from it. On the other hand, numerous MPs have countered these allegations, claiming that members of GERB have intentionally launched such attacks against their rivals to prevent them from forming an acting government. The scandal is likely to continue to cause tension in the Bulgarian political scene in the coming days.