Three suspects in Azotara case remanded in custody

The Higher Court in Belgrade remanded three persons suspected of abusing power and causing almost EUR 8.3mn of losses to Azotara Pančevo factory in custody.

Izvor: Tanjug

Wednesday, 25.04.2012.

10:37

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The Higher Court in Belgrade remanded three persons suspected of abusing power and causing almost EUR 8.3mn of losses to Azotara Pancevo factory in custody. The suspects were remanded in custody for 30 days and four other suspects were released pending trial. Three suspects in Azotara case remanded in custody The suspects were arrested on Monday. “The detainees are former General Manager Vujadin Jankovic, member of the owners' consortium Dusan Stupar, and Cedomir Ivkovic from Servo Mihalj Inzenjering,” Stupar's defense attorney Zoran Ateljevic told Tanjug. The four suspects that were released pending trial are Former Privatization Monitoring Center Director Julijana Vuckovic, as well as three assessment planners- Jovan Udicki, Jelica Ivkovic and Milan Cveticanin. Following the hearing which lasted until early morning hours, an investigating judge launched an inquiry into allegations against all seven suspects due to the abuse of office for an extended period of time. A warrant should be issued for two foreign nationals Vitmandis Kucinkas and Simonas Kasus who are included in the request for investigation, but the decision should also be delivered by the Higher Court in Belgrade. The suspects are charged with various violations in relation to the privatization of the Azotara Pancevo, particularly the production facility “Karbamid 2”. They are suspected of stripping the budget of the Republic of Serbia of nearly RSD 1bn (around EUR 8.3mn), and thus acquiring the unlawful gain of nearly RSD 5.4mn. They may face up to 12 years in prison. A view of Azotara Pancevo (Dragan Dovatov) Tanjug

Three suspects in Azotara case remanded in custody

The suspects were arrested on Monday.

“The detainees are former General Manager Vujadin Janković, member of the owners' consortium Dušan Stupar, and Čedomir Ivković from Servo Mihalj Inženjering,” Stupar's defense attorney Zoran Ateljević told Tanjug.

The four suspects that were released pending trial are Former Privatization Monitoring Center Director Julijana Vučković, as well as three assessment planners- Jovan Udicki, Jelica Ivković and Milan Cvetićanin.

Following the hearing which lasted until early morning hours, an investigating judge launched an inquiry into allegations against all seven suspects due to the abuse of office for an extended period of time.

A warrant should be issued for two foreign nationals Vitmandis Kučinkas and Simonas Kasus who are included in the request for investigation, but the decision should also be delivered by the Higher Court in Belgrade.

The suspects are charged with various violations in relation to the privatization of the Azotara Pančevo, particularly the production facility “Karbamid 2”.

They are suspected of stripping the budget of the Republic of Serbia of nearly RSD 1bn (around EUR 8.3mn), and thus acquiring the unlawful gain of nearly RSD 5.4mn.

They may face up to 12 years in prison.

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