news 10 May 13

Serbia Indicts Delta Boss for Abuse, Tax Evasion

After five months of detention, Miroslav Miskovic has been indicted along with his associates for abuse of office and tax evasion.

BIRN, Beta

Serbia's Special Prosecutor's Office for Organized Crime has indicted Delta Holding owner Miroslav Miskovic, his son Marko Miskovic and Nibens Group owner Milo Djuraskovic for abuse of office and tax evasion in a case concerning road maintenance companies.

Prosecutor Miljko Radisavljevic said he had requested that Miskovic and Djuraskovic's detention be extended, and stated that the crimes they were charged with carry sentences of up to ten years' imprisonment.

"Miroslav and Marko Miskovic and Milo Djuraskovic were charged with unlawfully raising the value of the shares of the Nis Road Maintenance Company in order to sell them, as their value had declined," the prosecutor said.

Miroslav and Marko Miskovic and Djuraskovic are suspected of having illegally obtained more that 30 million euro.

On December 12, Serbian police detained the group.

The Delta Holding owner’s custody has been extended several times on various grounds since he was arrested.

Marko Miskovic was released from custody on April 3, placed under house arrest and fitted with an electronic bracelet.

In late April, the Organized Crime Prosecutor's office rejected the defence’s proposal to release Miskovic and Djuraskovic on bail.

Meanwhile, Miskovic's Delta company has launched a website about the boss. Entitled "The Miroslav Miskovic Story" it tells a touching life story of the tycoon in both Serbian and English.

Delta Holding, the largest private company in Serbia, is involved in a wide variety of activities, including import-export, real estate, insurance, retail and wholesale.

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