Minister wants "light shed" on transfer of money to Cyprus

Although would be better for Serbia to have someone much more educated relating to this matter, his idea should be supported; Cyprus is massively used for barely legal or illegal activities of domestic tycoons and theirs transactions.

The testimony of Radomir Markovic, head of the Serbian State Security Service from November 1998 until 2000, provided a description of how this money was used. Markovic testified that Serbia’s budget for security services only covered about 50 percent of its budget needs. Funds to pay for purchase of equipment for state security and the army came from the federal customs administration. He described how employees of the state security sector in charge of finance went to the Customs Department for cash and carried it back to the Ministry of the Interior’s financial department. The Minister then deposited it into Belgrade Bank accounts in Cyprus. That money was then used to pay for helicopter equipment, jeeps and other equipment from abroad.Markovic also testified that these funds paid for the construction of the Kula training center that was used to train special Serb police units deployed in Bosnia and Croatia. - See more at: http://www.hrw.org/reports/2006/milosevic1206/4.htm

Although would be better for Serbia to have someone much more educated relating to this matter, his idea should be supported; Cyprus is massively used for barely legal or illegal activities of domestic tycoons and theirs transactions.

The testimony of Radomir Markovic, head of the Serbian State Security Service from November 1998 until 2000, provided a description of how this money was used. Markovic testified that Serbia’s budget for security services only covered about 50 percent of its budget needs. Funds to pay for purchase of equipment for state security and the army came from the federal customs administration. He described how employees of the state security sector in charge of finance went to the Customs Department for cash and carried it back to the Ministry of the Interior’s financial department. The Minister then deposited it into Belgrade Bank accounts in Cyprus. That money was then used to pay for helicopter equipment, jeeps and other equipment from abroad.Markovic also testified that these funds paid for the construction of the Kula training center that was used to train special Serb police units deployed in Bosnia and Croatia. - See more at: http://www.hrw.org/reports/2006/milosevic1206/4.htm