News 24 Dec 12

Montenegro Bank Chiefs Suspected of Corruption

Former and current bank employees, following two days in jail, were released by Sunday, but may yet face indictments for corruption.

Milena Milosevic
BIRN
Podgorica

The police's Department for Fighting Organised Crime and Corruption arrested  four former heads and one current employee of Crnogorska komercijalna banka (Montenegro's Commercial Bank), CKB, on Friday.

They were arrested on suspicion of having abused their positions, police stated. They bank's former general manager is still being sought.

The six people are suspected of issuing loans for 5 million euro to companies without required guarantees between 2005 and 2009.

Judge Miroslav Basovic released the detainees from jail, however, rejecting a prosecution request for the suspects to be kept in custody.

Prime Minister Milo Djukanovic told media on Friday that he was only briefly informed about the action and wouldn't yet qualify it as part of the "fight against organised crime and corruption".

Nebojsa Medojevic, an opposition politician, said the action was selective, as another Montenegrin bank, Prva banka, ought to have been investigated first. Prva banka is controlled by the Djukanovic family.

In May, a report by the Investigation of Organized Crime and Corruption Reporting Project and the BBC claimed that Prva banka was used to further the personal interests of the Djukanovic family and their associates.

Prosecutors said they would appeal against the investigating judge's decision to release the suspects from jail.

 

 

 

Talk about it!

blog comments powered by Disqus

Related Headlines:

rs-on-icj-02-27-2017
27 Feb 17

Bosnian Serbs Slam Genocide Suit

Bosnian Serb lawmakers voted to impede state-level decision-making in response to attempts by Bosnian Muslim presidency member Bakir Izetbegovic to launch an appeal against the 2007 judgment that cleared Serbia of direct responsibility for genocide.

27 Feb 17

Protest Called Against SDSM-Led Macedonia Govt

27 Feb 17

US Condemns Croatian Neo-Nazi March for Trump

27 Feb 17

Zaev to Claim PM's Mandate in Macedonia

Premium Selection

bosniaks-resists-bosnian-croat-call-for-own-tv-02-27-2017
27 Feb 17

Bosniaks Likely to Resist Bosnian Croat Call For Own TV

Bosnian Croat politicians say Croats are cut out of the current public broadcasting model - but with Bosniaks increasingly alarmed about the country’s survival, their demands may not get far.

enfant-terrible-of-croatian-theatre-continues-to-shock-02-27-2017
27 Feb 17

Enfant Terrible of Croatian Theatre Continues To Shock

A decade on, Oliver Frljic is still challenging theatre audiences across Europe, as well as in the Balkans, using plays to confront the nationalist mythology of post-Yugoslav societies.

24 Feb 17

Serbia Braces for Bumpy Election Ride

Latest News from the Balkans

27 Feb 17

Bosnian Serbs Slam Genocide Suit

27 Feb 17

Protest Called Against SDSM-Led Macedonia Govt

27 Feb 17

US Condemns Croatian Neo-Nazi March for Trump

27 Feb 17

Zaev to Claim PM's Mandate in Macedonia