Police confirm arrests of former bank officials

Interior Minister Ivica Dačić said Tuesday the police had arrested a number of former Metals Bank officials and company owners.

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Tuesday, 12.04.2011.

15:40

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Interior Minister Ivica Dacic said Tuesday the police had arrested a number of former Metals Bank officials and company owners. They are accused of stealing EUR 10mn from the bank, according to Tanjug, while other reports mention the figure of EUR 18mn. Police confirm arrests of former bank officials According to Dacic, they were arrested for granting loans based on insufficient or fake collateral. "The arrested include the Metals Bank management and owners of certain companies," the minister noted, adding that the operation was a continuation of the fight against organized crime. There will be more operations like this one, because there are many requests from workers for the police to investigate their companies, said Dacic. Among those arrested in Novi Sad is the former bank director, Ananije Pavicevic. In October 2008, the National Bank of Serbia introduced extraordinary measures at the bank and suspended its management, naming new officials. One of the managers named then, Srdjan Petrovic, was arrested in November 2010 on suspicion that he and two other persons laundered more than EUR 3.5mn of fugitive drug lord Darko Saric's cocaine money. Earlier the same year, Metals Bank officially became Development Bank of Vojvodina, after the provincial government became its majority owner in 2009. A file photo of Ananije Pavicevic

Police confirm arrests of former bank officials

According to Dačić, they were arrested for granting loans based on insufficient or fake collateral.

"The arrested include the Metals Bank management and owners of certain companies," the minister noted, adding that the operation was a continuation of the fight against organized crime.

There will be more operations like this one, because there are many requests from workers for the police to investigate their companies, said Dačić.

Among those arrested in Novi Sad is the former bank director, Ananije Pavićević.

In October 2008, the National Bank of Serbia introduced extraordinary measures at the bank and suspended its management, naming new officials.

One of the managers named then, Srđan Petrović, was arrested in November 2010 on suspicion that he and two other persons laundered more than EUR 3.5mn of fugitive drug lord Darko Šarić's cocaine money.

Earlier the same year, Metals Bank officially became Development Bank of Vojvodina, after the provincial government became its majority owner in 2009.

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