SOFIA, Feb. 22 (Xinhua) -- Stoyan Aleksandrov, who was Bulgaria's minister of finance from 1992 to 1994, was on Thursday charged with illegal banking activity, the national Prosecutor's Office said in a statement.
According to the statement, Aleksandrov has provided 61 loans to persons without proper authorization during the period from November 2002 to December 2015.
The total amount of these loans was 541,000 BGN (some 340,000 U.S. dollars), 1.693 million U.S. dollars and 3.738 million euros (some 4.6 million dollars), the statement said.
Meanwhile, from 2002 to 2009, as a manager of two companies, Aleksandrov provided without the appropriate authorization 14 loans totaling 1.006 million BGN and 9.955 million euros (12.2 million U.S. dollars), the statement said.
If found guilty, Aleksandrov may spend five to ten years behind bars, the statement added.
