Council wants tycoon money investigated

Serbia's Anti-Corruption Council has asked state institutions to investigate the origin and flow of the money of tycoons who bought companies. The council stated in Belgrade on Monday that it was set to publish documents about several controversial privatizations. Council wants tycoon money investigated In an ad published in the daily Politika today, the council said that the state lost "dozens of millions of euros" through the sale of several companies bought by Milan Beko. The ad said that the state institutions in the past years persistently avoided tracking down the origin and flow of money in privatization of firms that Beko took part in and in which "key people in state institutions enabled for breaking the law on making huge material damage to the state and citizens as owners". "Until the origin and flow of money is discovered it will remain hidden who and in what way controls Beko and other tycoons, and Serbia will remain a country trapped by corruption where all citizens, except for political elites and tycoons, live on the edge of poverty or in complete poverty," said the council's Politika ad. The council announced that its website, www.antikorupcija-savet.gov.rs, will publish documents about privatizations that Beko took part in - the Port of Belgrade, C Market, Novosti and Knjaz Milos.

Council wants tycoon money investigated

In an ad published in the daily Politika today, the council said that the state lost "dozens of millions of euros" through the sale of several companies bought by Milan Beko.

The ad said that the state institutions in the past years persistently avoided tracking down the origin and flow of money in privatization of firms that Beko took part in and in which "key people in state institutions enabled for breaking the law on making huge material damage to the state and citizens as owners".

"Until the origin and flow of money is discovered it will remain hidden who and in what way controls Beko and other tycoons, and Serbia will remain a country trapped by corruption where all citizens, except for political elites and tycoons, live on the edge of poverty or in complete poverty," said the council's Politika ad.

The council announced that its website, www.antikorupcija-savet.gov.rs, will publish documents about privatizations that Beko took part in - the Port of Belgrade, C Market, Novosti and Knjaz Miloš.