As we announced on 9 June 2026, the mafia within the Financial Supervision Commission (FSC) and its mentors, about whom we have repeatedly informed the public and the new government, completed what the statement describes as their conspiracy. After demanding that the owners hand over the company and failing to obtain it, they revoked its licence and are now continuing its financial suffocation and plunder through what is described as an abuse of powers and administrative repression—without legal authority. Instead of protecting insured persons, the FSC is holding press conferences in order to manipulate public opinion, the judicial and law-enforcement authorities that have been notified, as well as those that have not, administering justice through the media and masking its inability to manage this large insurance company. DallBogg rapidly and successfully entered six European markets, with an excellent organizational and financial structure, and was in sound financial condition on the day its licence was revoked.
The conservators have been provided with an entire additional air-conditioned floor in a separate building, yet they reportedly attend work only sporadically, despite the substantial remuneration determined by the FSC, paid to each conservator from DallBogg’s assets—amounting to twice the salary of the Prime Minister. According to the statement, within only the last 20 days, the FSC has created enormous chaos—it is not paying claims either abroad or in Bulgaria and is in no way protecting the interests of insured persons. Following what the statement describes as the unlawful suspension of DallBogg’s operations in Bulgaria by the FSC, 80% of the company’s qualified and expert staff left the company. Half of them departed during the last 20 days following the appointment of the FSC’s conservators. As a result, the company was, according to the statement, effectively paralysed and destroyed.
According to the statement, all transactions involving the company’s long-term assets prior to the prohibition imposed on 2 April were carried out lawfully, were confirmed by the valuations compulsorily imposed by the FSC, and were intended solely to provide liquidity in the interests of insured persons and other entitled parties. For example, DallBogg: Life and Health Pension Insurance Company EAD was not included in the short-term realistic plan submitted to the FSC on 11 May precisely because it had already been sold. The statement alleges that the “luminaries” within the FSC deliberately omit this undisputed fact.
The statement further argues that all public statements, references to retrospective facts and speculations made by the FSC, including reliance on what it describes as EIOPA’s “secret” methodology (which it claims does not even exist), are intended solely to create misinformation, confusion and to divert attention from what it describes as the continuing unlawful actions of the FSC’s leadership, which, according to the statement, should be removed immediately by the new Parliament.
Despite what the statement describes as a conspiratorial campaign over many months to take control of the insurer, DallBogg and its shareholders continue to cooperate with the appointed conservators to ensure strict compliance with the law and remain fully prepared to cooperate with all notified law-enforcement authorities in establishing the truth.
