Police stage raid, arrest seven in Kosovo

Police in Kosovo arrested seven suspects and raided several houses Thursday, part of an organized crime investigation.

Source: AP

The suspects - some former members of the Bank for Business board of directors and its clients — are suspected of making harmful deals and misusing authorizations, said police spokesman Veton Elshani.

The alleged misuse of funds cost the bank over EUR 10mn in losses, Elshani said.

Police said that the bank's new management assisted the investigation.

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