“Many companies bought with drug money”

Special Prosecutor for Organized Crime Miljko Radisavljević said that drug money was used to buy numerous state-owned companies.

Izvor: Blic

Friday, 31.12.2010.

10:45

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Special Prosecutor for Organized Crime Miljko Radisavljevic said that drug money was used to buy numerous state-owned companies. He told daily Blic that the prosecution and the police would investigate the problematic privatization cases to determine the criminal responsibility of those involved. “Many companies bought with drug money” An investigation of the Special Prosecution for Organized Crime into how Darko Saric's cartel laundered the money from its cocaine smuggling operation revealed that the path led to many privatized companies. Radisavljevic said the prosecution had come across new important information and evidence. "The money was used to buy a large number of state-owned companies, from which capital was extracted in different ways and used to buy more companies," he stressed and announced that the cases would be investigated. According to him, the companies bought with dirty money were soon left in ruins, with some filing for bankruptcy and only the new owners profiting. The prosecutor said there were also results in the cases of top-level corruption, with charges brought against the former heads of the Serbian Railways, the Oncology Institute, the Tax Administration in Leskovac, and a verdict for judicial corruption. Radisavljevic stressed that the prosecution’s determination to tackle organized crime and Serbia's progress were noted in the European Commission (EC) report. Miljko Radisavljevic (FoNet, file)

“Many companies bought with drug money”

An investigation of the Special Prosecution for Organized Crime into how Darko Šarić's cartel laundered the money from its cocaine smuggling operation revealed that the path led to many privatized companies.

Radisavljević said the prosecution had come across new important information and evidence.

"The money was used to buy a large number of state-owned companies, from which capital was extracted in different ways and used to buy more companies," he stressed and announced that the cases would be investigated.

According to him, the companies bought with dirty money were soon left in ruins, with some filing for bankruptcy and only the new owners profiting.

The prosecutor said there were also results in the cases of top-level corruption, with charges brought against the former heads of the Serbian Railways, the Oncology Institute, the Tax Administration in Leskovac, and a verdict for judicial corruption.

Radisavljević stressed that the prosecution’s determination to tackle organized crime and Serbia's progress were noted in the European Commission (EC) report.

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