All investigations dropped against businessman Karic

The Organized Crime Prosecution has stopped the investigation against BK Group owner Bogoljub Karic and several others suspected of abuse of official position.

Source: B92, Beta, Tanjug
(Screen capture)
(Screen capture)

Karic and the company BK Trade Inc., the co-founder of (former mobile operator) Mobtel was suspected of obtaining USD21,980,551 in illegal profits - the difference between the real and the falsely presented value of the investment in the form of equipment, Beta reported.

This activity allegedly took place from April 1994 to February 1997, during the founding of the mobile telecommunications company Srbija BK PTT doo-Mobtel and investing of the founders' capital.

But the investigation showed that no illegal gains had in fact been made in the process, the prosecution said.

The investigation was also dropped against eight other people. Karic, who fled Serbia in 2006 and went to Moscow, should soon be able to return to the country. The warrant issued for his arrest nearly 11 years ago was canceled on Wednesday.

Another investigation against Karic was dropped recently due to the statute of limitations. At the time, he said he intended to return to Serbia by May of 2017.

Karic, who was among the best-known businesspeople in the country during the 1990s, and his family will also be given back a number of expensive cars, houses, and business premises that were temporarily seized during the investigation.

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