P R O T E S T Against the Criminals, the Cartel Members and the Incompetent Officials in the State Regulator – the Financial Supervision Commission (FSC)

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The criminal Pl. Danailov, together with V. Golemanski, organized the cartel in the insurance sector and the plunder of DallBogg.

Golemanski (GERB) and Danailov (ITN) are highly incompetent!

New National Assembly – free the regulator from these criminals, cartel members and incompetent plunderers!

Insurance, like pension insurance, is a solidarity-based model for managing risks and expected events. The National Social Security Institute (NSSI) and the pension funds pay pensions using new contributions from actively employed people and the state budget, while the reserves are managed in order to generate returns and keep pace with inflation. The FSC is not under guardianship, yet it ignores the principle of horizontal and vertical risk distribution—the foundation of the solidarity model.

Danailov makes the absurd claim: “If you rely on new premiums to pay incurred claims… that is a classic pyramid scheme.” That is how insurance operates throughout the entire world, FOOL! Suspending sales should be an exceptional and short-term measure for stabilization or correction, as it was under the Insurance Code until 1 August 2025, when the Parliament of Borisov and Peevski changed the maximum three-month period into an indefinite one. Golemanski and Danailov immediately applied it, without any grounds and without restraint, from 1 October 2025 against the record-capitalized DallBogg. Now, after the alleged criminal financial suffocation lasting one year, the payment of all due claims, the allegedly organized devaluation of assets, the blocking of the registration of contributed capital, the instigation of and instructions to foreign regulators, the forced increase in prices with the aim of losing market share, and a series of other alleged unlawful interventions, the FSC is requiring DallBogg to contribute an additional EUR 300 million in capital in order to satisfy the FSC’s “secret” forecasts for the next 10 years!

You are placing Bulgaria under a regime of severe liability allegedly generated through criminal conduct!

If you suspend the sales of all Bulgarian insurers for one year and they continue paying all claims throughout that year, not a single one will survive, or they will be decapitalized to the point of clinical death! That is the “expertise” of the criminal Danailov! We eagerly await him suing us for defamation—we will invite all the media!

And he lies: “The FSC has nothing to do with the capital increase of any insurance company,” while in practice, and as fully documented, on 20 November 2025 it blocked DallBogg’s capital increase of BGN 85.5 million—the largest capital increase in the history of Bulgarian insurance!

Out of the FSC, through the courts and straight to prison!