Council gives Port of Belgrade case details

The Anti-Corruption Council has made public a list of persons facing criminal charges related to the privatization of the Port of Belgrade company.

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Friday, 03.09.2010.

14:17

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The Anti-Corruption Council has made public a list of persons facing criminal charges related to the privatization of the Port of Belgrade company. The criminal complaint was filed three months ago against 17 persons for abusing their official position during the 2005 privatization. Council gives Port of Belgrade case details Among them are former minister Predrag Bubalo, officials of the Privatization Agency, and businessman Milan Beko. The prosecution, however, has not made it clear whether it has acted on the complaint. The council's president Verica Barac has revealed the names from the criminal complaint, and they are: Predrag Bubalo, Milan Beko, Milko Stimac, Dejan Malinic, Djordje Jovanovic, Dusan Bajec, Miodrag Djordjevic, Goran Mrdja, Aleksandar Gracanac, Vladeta Colic, Vladeta Blagojevic, Mirko Vasiljevic, Dusan Kosovac, Danijel Cvjeticanin, Djordje Mihovilovic, Zorica Kostic-Jovanovski and Miroslava Drobac. The complaint asserts that with their actions they incurred damages to the state om excess of EUR 20mn. However, Barac accused political authorities of having absolute control over the prosecution, and said this was one of the reasons why the country has not initiated a serious anti-corruption campaign. The council's first report regarding irregularities in the takeover of the company's shares was filed in 2005, but met with no reaction from competent institutions. For this reason, the council gathered fresh evidence and three months ago filed the criminal complaint. Former Privatization Minister Predrag Bubalo made it to the list because the Port's shares were sold one third the value than the Institute of Economic Studies said they were worth it its appraisal. Milan Beko, meanwhile, is charged with forming a criminal enterprise. Barac said that "this company had USD 31,000 in the bank, was buying the Port with no money, using a broker's banking guarantees", and was only set up as a solvent company after the acquisition. Also related to the Port of Belgrade controversies, the Higher Court in Belgrade recently ruled that the company could register more than 100 hectares of city land as its property. This saw the Higher Court overturn a lower instance court's decisions, that went in favor of the city, for the third time. However, city officials said that they would insist on keeping the land.

Council gives Port of Belgrade case details

Among them are former minister Predrag Bubalo, officials of the Privatization Agency, and businessman Milan Beko.

The prosecution, however, has not made it clear whether it has acted on the complaint.

The council's president Verica Barać has revealed the names from the criminal complaint, and they are: Predrag Bubalo, Milan Beko, Milko Štimac, Dejan Malinić, Đorđe Jovanović, Dušan Bajec, Miodrag Đorđević, Goran Mrđa, Aleksandar Gračanac, Vladeta Čolić, Vladeta Blagojević, Mirko Vasiljević, Dušan Kosovac, Danijel Cvjetičanin, Đorđe Mihovilović, Zorica Kostić-Jovanovski and Miroslava Drobac.

The complaint asserts that with their actions they incurred damages to the state om excess of EUR 20mn.

However, Barać accused political authorities of having absolute control over the prosecution, and said this was one of the reasons why the country has not initiated a serious anti-corruption campaign.

The council's first report regarding irregularities in the takeover of the company's shares was filed in 2005, but met with no reaction from competent institutions.

For this reason, the council gathered fresh evidence and three months ago filed the criminal complaint.

Former Privatization Minister Predrag Bubalo made it to the list because the Port's shares were sold one third the value than the Institute of Economic Studies said they were worth it its appraisal.

Milan Beko, meanwhile, is charged with forming a criminal enterprise. Barać said that "this company had USD 31,000 in the bank, was buying the Port with no money, using a broker's banking guarantees", and was only set up as a solvent company after the acquisition.

Also related to the Port of Belgrade controversies, the Higher Court in Belgrade recently ruled that the company could register more than 100 hectares of city land as its property.

This saw the Higher Court overturn a lower instance court's decisions, that went in favor of the city, for the third time. However, city officials said that they would insist on keeping the land.

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