4 arrested for incurring damages to pharmaceutical company

ZRENJANIN, BELGRADE Police have so far arrested four persons in Zrenjanin-based Jugoremedija pharmaceutical company, B92 has learnt. Police Director Milorad Veljovic told B92 that four persons have been arrested so far, including Acting Director Zdravko Deuric. 4 arrested for incurring damages to pharmaceutical company The arrested persons are suspected of incurring EUR 600,000 worth of damages to the company. The privatization of Jugoremedija is on the European Parliament’s list of 24 controversial privatizations in Serbia. The Zrenanjin-based company has been struggling for a long time and it managed to avoid going under a little over a month ago. Problems recently started piling up when minority shareholders Luksol farmacija and Penpharm filed a suit against Jugoremedija and requested that the company pay them EUR 111.15mn in damages. A public tender for the sale of Jugoremedija was called in February 2011 but no buyers wanted to purchase 92.87 percent of the company’s shares, (novosti.rs, file) B92

4 arrested for incurring damages to pharmaceutical company

The arrested persons are suspected of incurring EUR 600,000 worth of damages to the company.

The privatization of Jugoremedija is on the European Parliament’s list of 24 controversial privatizations in Serbia.

The Zrenanjin-based company has been struggling for a long time and it managed to avoid going under a little over a month ago.

Problems recently started piling up when minority shareholders Luksol farmacija and Penpharm filed a suit against Jugoremedija and requested that the company pay them EUR 111.15mn in damages.

A public tender for the sale of Jugoremedija was called in February 2011 but no buyers wanted to purchase 92.87 percent of the company’s shares,