Following the deaths of six individuals associated with the "Petrohan" mountain group, the families of several members have declined to inherit their shares in the organization’s affiliated commercial and non-profit entities. According to reports from 24chasa.bg and 168chasa.bg, the parents of Plamen Statev and Decho Vasilev have refused to step into their sons’ roles within the "Bulgarian Association for Extreme Sports" (BAES) Ltd. and the associated non-profit organization for protected territory control.
Leadership Succession and Asset Management
The inheritance process has resulted in a shift in control toward a smaller group of stakeholders. Stela Maystorova, mother of the group’s leader Ivaylo Kalushev, has assumed the shares previously held by Statev and Vasilev, 24chasa.bg reported. Alongside her, Ralitsa Asenova and Miroslava—the sister of group member Ivaylo Ivanov-Ivey—have been registered as the new leadership for both the commercial firm and the non-profit.
While the parents of Statev and Vasilev have opted out, the status of the shares belonging to the late Nikolay Zlatkov remains unresolved. His father, Nikolay Zlatkov-Sr., has indicated that he has not yet decided whether to accept his son’s stake in the entities. The 15-year-old member Alexander Makulev held no shares due to his age, and his parents have not been involved in the group’s organizational inheritance.
Operational Status of the Petrohan Group Entities
Despite the deaths of the six members, the remaining stakeholders have decided to continue the operations of BAES Ltd. and the non-profit organization rather than proceeding with liquidation. The company, which was registered in 2018 and has seen a turnover of approximately 1 million BGN over the last decade, remains the legal owner of equipment, including drones and two luxury "Hymer MLT" campers.
Following the transition, new individuals have applied to join the non-profit association, including psychologists Spasimir Ivanov and Maria Petkova, as well as BNR symphony orchestra musician Videlin Dzhedzhev. These individuals are described as associates of Asenova and Maystorova, who are currently formalizing the group’s new management structure.
Official Investigation and Financial Scrutiny
The ongoing administrative transition coincides with separate investigations by the Ministry of Interior and the Prosecutor’s Office. Official findings suggest that the deaths resulted from a series of suicides and a murder-suicide involving Kalushev, who allegedly took the lives of Zlatkov and Makulev before ending his own life. The investigation cites complex motives for Kalushev, including a decline in public trust, reduced donations, and potential legal exposure related to allegations of pedophilia.

Separately, authorities are investigating the financial history of the group. Stela Maystorova has since registered a new foundation, "Truth for Petrohan and Okolchitsa," with Asenova serving as chair. Asenova announced in July that the foundation intends to raise funds to support an independent investigation into the circumstances surrounding the deaths of the six men.
Frequently Asked Questions
Who is currently investigating the group’s finances?
The financing of the group led by Ivaylo Kalushev is the subject of an ongoing official investigation by the Ministry of Interior and the Prosecutor’s Office, which is separate from the probe into the deaths of the six individuals.
What happens to the equipment owned by the organization?
The company BAES Ltd., which remains active under its new leadership, retains ownership of the group’s technical assets, including drones and two luxury campers, one of which was the site where the bodies of Kalushev, Zlatkov, and Makulev were discovered.
Have all parents of the deceased declined to participate in the organizations?
No. While the parents of Plamen Statev, Decho Vasilev, and the father of Nikolay Zlatkov have declined or are undecided, the mothers of Ivaylo Kalushev and Nikolay Zlatkov (Ralitsa Asenova) have actively taken on roles in the leadership and management of the firm and the non-profit.
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