The collapse of the Bank, directed by Serbian authorities

The story of Bobar and Serbian Bank is just the tip of the iceberg when it comes to financial affairs in the Republic of Serbian.
Written by: Mladen Mirosavljević

What had been announced for months earlier, and it was then sounded blasphemous and denied by the authorities, now happened. The "Bank of Serbian", the only commercial bank which is controlled by the Government of the Republic of Serbian, entered a crisis team entity Banking Agency and the Bank will not work until further notice.

In the Banking Agency to assure the interim administration does not automatically mean the liquidation of the bank. To further blocked any payments from banks, deposits are temporarily blocked, a situation in which no work no bank nor ATM welcomed and citizens.

Banks are in life so far held deposits, but after the collapse of "Bobar bank" part of the funds withdrawn, and the reduced inflow of deposits.

Both banks that have failed in Bosnia and Herzegovina in the Republic of Serbian and that's a terrible message, said BiH Presidency member from the Republic of Serbian Mladen Ivanic.

Business problems "Serbian Banks" are obvious for months. In countless copyright texts and public appearances, and numerous debates of the Assembly, former President of the Republic of Serbian, president of the National Democratic Movement and deputy Dragan Cavic of 2013 warned of the unsustainability of the political influence of the Alliance of Independent Social Democrats (SNSD) and the ruling regime on the business policy of the bank.

By recipe 'Bobar bank'

Apparently, and here applies the recipe that was used for disaster "Bobar bank" for which is also responsible Banking Agency, which apparently has the protection entity to the Ministry of Finance - according to a statement of the Serbian Democratic Party.

Business "Serbian Banks' controversial from the beginning. What is worrying and it is common for "Bank of Serbian" and "Bobar Bank," is a large concentration of public money, which is different machinations disappeared or national language spoken - stolen, according to the Serbian Democratic Party (SDS).

"Bank of Serbian" was created through a capital increase "Balkan Investment Bank," he said, adding that, in a suspicious manner made Entity Government. "Balkan investment bank" has served the owners from Lithuania to illegally extract millions in funding from the Republic of Serbian.

A former bank director Edvinas Navickas, in this there is no doubt, been associated with the political leadership of Dodik's party, said Cavic National Democratic Party (NDP).

"All this is now what the regime is doing is the rescue of people who took part in the collapse of the bank with the help of the Lithuanian mafia. Tens of millions of marks placed credit funds Investment-Development Bank in this way lost, lost 42 million are in the phase of recapitalization of the bank, lost deposits of public enterprises and institutions. As a rule of about 100 million marks of public funds is in danger and there is no math that the regime will be able to hide this latest plundering the public money and public property, "according to the opposition.

Tip of the iceberg

Unfortunately, announced the scenario took place in its ugliest and most harmful form of the Republic of Serbian. The direct recapitalization of banks Serbian Republic has so far through entity Investment-Development Bank and Guarantee Fund invested 42 million marks.

In June, Prime Minister Milorad Dodik announced the sale of the bank for 17 million euros. The alleged buyer of the offshore company "Imperial Trust Fund", but since then there was nothing.

Who will be held criminally liable, in a situation when an independent audit of the bank identified 17 million KM loss and management, which has installed the Minister of Finance in the Entity Government, Zoran Talgetija Government of the Republic of Serbian, showed a profit of 500,000 marks - no one answers.

It is obvious that the government is not capable of dealing with crime, or to manage a public good and therefore should not be on this matter of a debate in the National Assembly of the Republic of Serbian, in order to stop the negative trends of bank failures and the loss of several hundred million marks of public funds .

NDP raises the question: What was he doing MUP Special Prosecutor's Office if their alleged investigation of this bank were fruitless and lead to the prosecution of perpetrators of numerous criminal offenses?

"Bank of Serbian" is less likely to survive and remain as such, but to minister Tegeltija still not too late to resign, because he is the person most behind once the recapitalization of banks and after forcing individual depositors that their accounts, despite all the risks run in, is now quite clear, failed "Bank Serbian".

The story of "Bobar Bank" and "Bank Serbian" is obviously just the tip of the iceberg when it comes to financial affairs in the Republic of Serbian.

A court in Lithuania, allegedly, the judgment dismissed the "voter Europe" and concluded that the agreement for the "Chooser" assumed obligations of 154 million marks to Ukio Bank, valid. To fulfill the contract guaranteed the daughter company Alumina Factory "Birac", "Alumina", "Mechanics", "Alusil" and "Mine Srebrenica".

Bankruptcy trustee Alumina Factory "Birac" Lazar Djurdjevic said that he expected him to be delivered to the official judgment of the court.

"Regardless of what the court's decision, it can not have consequences, because this is a first instance verdict, after which always one of the parties complained. We certainly want," Djurdjevic said.

According to unofficial data, Alumina Factory "Birac" is so far only the involvement of the Lithuanian law office "Sorainen" paid more than 800,000 euros.

Waiting for the verdict from Lithuania

Final judgment from Lithuania, unofficially, waiting and Commercial Court in Bijeljina, which is to decide whether the company "Pavgord" Foca businessman Gordana Pavlovic can occur as the petitioner of execution and bankruptcy creditor instead of Ukio bank of which have been purchased receivable.

The company "Pavgord" Foca in December last year purchased all claims Ukio Bank of Zvornik Alumina Factory "Birac" and its daughter companies, which are estimated to be exactly 85,643,000 euros. Pavlovic was contracted to complete claims Ukio Bank to pay 6.4 million euros.

Alexander Sajić, legal representative of Ukio bank and the owner of the Bar of the house "Sajić" in Banja Luka, confirmed in mid-December last year that Gordan Pavlovic made payment for the contracted amount of 6.4 million euros, and that Ukio Bank in accordance with the agreement on " Pavgord "is to transfer all documents and rights related to claims of daughter companies Alumina Factory" Birac ".

"The 'Pavgord' will be transferred all rights, the rights of the mortgage to pledge to pledge registry of property 'Alumina' 'mechanics' and' Alus', which was a guarantee for claims' Ukio Bank. By paying the formal transfer of the rights and documents the story regarding the Alumina Factory 'Dialer' for Ukio bank will definitely be completed, "said Sajić.

The financial affairs of the Republic of Serbian will be obviously more speech, the president of the Serbian Democratic Party, Mladen Bosic already announced the disclosure of some of the largest. How will all this affect the financial stability of the Republic of Serbian and the survival of the regime in power, we will know probably very quickly.

For now, the opposition claims that the regime is corrupt and criminal records, and the regime the opposition treacherous and "pro-Bosnian" or pro-Bosniak, which is in the Republic of Serbian, for now, much more difficult than the accusation that a criminal.

The views expressed in this article are the author's and do not necessarily reflect the editorial policy Bol-chat.