Oman's biggest sovereign wealth fund has started legal action against the Bulgarian government over the collapse of Corporate Commercial Bank (Corpbank), a source at the fund told Reuters on Wednesday. Oman's State General Reserve Fund owned a 30 percent stake in the Balkan country's fourth-biggest lender, which was felled by a bank run and shut down by the central bank, triggering the country's worst financial crisis since the 1990s.
News of the legal action came as a Bulgarian parliament commission on Wednesday accused the main shareholder of running Corpbank as a pyramid scheme under the lax supervision of the central bank and the intelligence service...............................................Full Article: Source
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