Stoyan Mavrodiev to Be Extradited from Serbia on Tuesday.

Former Bulgarian Development Bank (BDB) CEO Stoyan Mavrodiev is expected to be extradited to Bulgaria after Serbian authorities approved his transfer last week during a closed court hearing. During the proceedings, Mavrodiev submitted a request stating that he wished to return to Bulgaria voluntarily.

According to his lawyer, former Interior Minister Emanuil Yordanov, Mavrodiev agreed to return in order to cooperate with investigators in the case, which also involves businessman Rumen Gaitanski and the lawyer of the company that received the unsecured loan. Yordanov also said his client decided to return voluntarily following the political changes in Bulgaria.

Under the extradition procedure, if Mavrodiev is detained under a prosecutor's order, he must be brought before the Sofia City Court within 72 hours to determine his pre-trial detention measure. After arriving in Bulgaria, he is expected to be taken to the National Investigation Service detention facility, where the charges will be formally presented to him. He is also expected to provide information regarding his time as head of the Bulgarian Development Bank.

Mavrodiev was arrested in Serbia upon arriving on a flight from Dubai and spent nearly two months in Serbian custody. He was detained in Belgrade in early June after being wanted by Bulgarian authorities since August 2024.

The investigation also led to the arrest of businessman Rumen Gaitanski, who was later released as part of an ongoing anti-corruption investigation into the alleged misappropriation of a BGN 150 million loan.

At the time, Interior Minister Ivan Demerdzhiev said the arrangements for Mavrodiev's transfer had already begun and that the extradition would be carried out under a simplified procedure with minimal formalities.

Mavrodiev is accused of approving an unsecured loan to a company linked to businessman Rumen Gaitanski, also known by the nickname The Wolf.