Abuses of the legal system The financial circles and the
press have expressed doubts that Bozhkov is manipulating the minority owners by draining Nove Holding by taking out non-public subsidiaries and bonuses for himself. On 5 January 2009, the General Meeting of Holding Roads voted for Bozhkov an additional remuneration of 3.84 million levs. The Financial Supervision Commission does not report any irregularities.
Links to organized crime Bozhkov is suspected of having close ties to the
SIC group, a
Bulgarian organized crime group. He is considered a co-owner of the Bull Ins insurance company, although the nominal owners are offshore companies and the connection is unprovable. Bull Ins took over the SIC's "insurance" structures after they did not receive a license in 1998. Bozhkov's name is mentioned in the
WikiLeaks correspondence leaked to the US Embassy in Bulgaria. Together with
Todor Batkov,
Grisha Ganchev and the brothers Krasimir and Nikolay Marinov, leaders of the
SIC crime group, Bozhkov was given as an example "of some of the most famous connections" of Bulgarian business with
organized crime. Again, according to information leaked through WikiLeaks, in 2009 the acting US ambassador to Bulgaria John Ordwick in a diplomatic letter identified Bozhkov as "the most infamous gangster" and found that Bozhkov was still active "in money laundering, in privatization fraud, threats, extortion, racketeering and the illegal trade in antiques."
Suspected criminal activity 20 charges were filed against Bozhkov, in three cases, including extortion and attempted bribery. Bozhkov had been living in self imposed exile in Dubai since January 2020, until he returned to Bulgaria in August 2023, whereupon he was detained. In March, 2022 Tsvetomir Naydenov and Boyan Naydenov, former business partners of Bozhkov, mentioned in an interview that he had confessed to them that he had ordered the murder of Bulgarian businessman
Manol Velev, who was shot in 2006 and remained in a coma until his death on March 25, 2022.
Boyko Borissov Bozhkov asked in 2023 to be allowed to return to Bulgaria as a protected witness against ex-prime minister Boyko Borissov, who he says received money from Bozhkov. == Sanctions ==