Mr. Grass Head’s Holding Company

Shrek. Iron Man. Darth Vader. These stamps are the signatures of the man who makes every decision in a secret network, but remains hidden himself.

These stamps set prices. They manage proxy figures. They corrupt officials. They appoint deputies. They drain millions to offshore companies and luxury properties around the world. They keep people economically dependent. They control their votes. They pollute the air of entire cities with impunity.

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The bill for all this is in the billions. And all Bulgarians pay it.

Thanks to internal documents with the secret signature of Hristo Kovachki, the ACF manages to prove one of the best-kept secrets of Bulgarian energy – the existence of an energy cartel of over 150 companies with seemingly unrelated owners from several countries.

Unregulated financial incentives for civil servants, six-figure loans for politicians, tax and social security fraud worth hundreds of millions, carbon quota fraud and leaks of information about upcoming inspections by the European Public Prosecutor’s Office.

These are just some of the violations that the ACF reveals in its new investigation into the hidden energy holding company Orion, managed by businessman Hristo Kovachki.

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