A pair of believed Bulgarian nationals have been charged with stealing from local banks.

Chavda Bachev, 42, and Georgi Todorov, 41, both from Sofia, Bulgaria, appeared in Magistrate’s Court this morning to face multiple theft charges.

Both men were charged with stealing $4,500 from HSBC Bermuda, $4,100 from the Bank of Butterfield and $11,300 from Clarien Bank in incidents which occurred between February 11 and February 14.

They are further charged with attempting to steal $12,000, $13,060 and $12,000 from the same respective banks during the same period.

Mr Bachev and Mr Todorov were charged with possessing $10,331 and $9,500 representing the proceeds of criminal activity respectively, while they were charged separately with attempting to conceal or transfer $900 of illegally obtained funds.

Neither man was required to enter a plea as the charges must be heard by the Supreme Court.

Magistrate Khamisi Tokunbo remanded both men into custody pending trial. They are expected to appear before the Supreme Court for the matter in April.

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