Wednesday, 23 April

Crime  |  

Rights  |  

Corruption  |  

Serbia: New Government Cracks Down On Corrupt Bank Officials


00:42, August 10, 2012

Eight top officials of Agrobanka and two private companies were arrested on charges of corruption, the Serbian Prosecutor's Office for Organized Crime announced Wednesday. The Interior Ministry and the Prosecutor's Office made the arrests. 

"So far the investigation has shown that Agrobanka had granted a large number of loans to mutually networked legal entities and without appropriate guarantees, which is contrary to the Law on Banks, the regulations of the National Bank of Serbia and the bank's own acts," the Prosecutor’s Office stated.

The loans were never repaid, and the bank accumulated a US$369 million debt. Its operating license was revoked as a result.

Serbia's Prosecutor for Organized Crime Miljko Radisavljevic would not reveal the suspects’ identities, explaining that the case is still in an early phase.

According to the local media, however, Agrobank’s former chairman Dusan Antonic is on the list of suspects. B92 News reported that he was arrested at a border crossing between Serbia and Bosnia-Herzegovina Wednesday night, after attempting to flee the country.

http://www.reportingproject.net/occrp/index.php/en/ccwatch/cc-watch-briefs/1616-serbia-new-government-cracks-down-on-corrupt-bank-officials


Home page

Print  



Leave a comment
Thank you for your comment. Your comment must be confirmed by the administration.

Archive
 
 
  Made in:

About us

Address: 1/3, Str. Buzand, 8th floor,
Yerevan-0010, Republic of Armenia
Tel.: +374 10 563363
E-mail: info@hetq.am

When reprinting or broadcasting any materials from HETQ.am, hyperlink is obligatory.
© 2014 Hetq online: All rights reserved.
Support Hetq