Montenegro’s Special State Prosecutor’s Office has seized two luxury apartments in Tivat owned by Nenad Nešić, the former Minister of Security of Bosnia and Herzegovina and president of the Democratic People’s Alliance (DNS). An apartment with a garage in Budva belonging to his wife, Maja, has also been seized, along with a building plot in Buljarica registered in the name of his brother, Predrag Nešić.
The seizures have been imposed as a temporary precautionary measure, following reasonable suspicion that the assets were acquired through criminal activity, specifically money laundering.
The ban on disposal covers two luxury apartments in Tivat, measuring 163.55 and 182.46 square metres respectively, together with associated garage spaces, registered in the name of Nenad Nešić; a 74-square-metre apartment with a garage in Budva owned by his wife, Maja; and a 1,395-square-metre construction plot in Buljarica registered to his brother, Predrag. All restrictions have been formally recorded in Montenegro’s real estate cadastre. The market value of these properties amounts to several million convertible marks (BAM).
Reporters from the Centre for Investigative Reporting (CIN) have revealed that Nešić purchased the properties in Tivat in July 2020 for 625,000 BAM. The acquisition comprised two adjoining penthouse apartments in a newly constructed building close to the beach, just off the Adriatic coastal road, with panoramic sea views. In June 2022, his wife Maja acquired an apartment with a garage in Budva for 357,000 BAM.
According to the sales contract for the Tivat properties, payment was to be made “by agreement – in cash or via transfer to the account of an authorised person.” The majority of the sum was paid in cash, while approximately 175,000 BAM was settled through a property swap involving another apartment in Budva.
Nešić purchased the Tivat penthouse from the company CONCORD MNE, which at the time was managed by Marjan Bevenja and Petar Milutinović. Both men are currently standing trial in Montenegro as alleged members of a criminal organisation led by Miloš Medenica, son of the former President of Montenegro’s Supreme Court. Montenegro’s Special State Prosecutor’s Office has charged the group with forming a criminal organisation, smuggling, bribery, abuse of office, and the unauthorised production and trafficking of narcotic drugs. A verdict in the case is scheduled to be delivered on 28 January 2026.
and after stepping down. He is suspected of laundering money and accepting bribes within the company, securing millions in illicit gains. He concealed half of the properties he owns with his wife across Bosnia and Herzegovina, Serbia, and Montenegro from the authorities.”]Nešić even authorised Bevenja to sell his previously purchased apartment in Budva and transfer the proceeds to CONCORD MNE, which Bevenja duly did. The property in question was a 56-square-metre apartment that Nešić had bought seven years earlier for a higher price.
CIN reporters have previously revealed that in his 2023 Asset Declaration, submitted before assuming the role of Minister of Security of Bosnia and Herzegovina, Nešić failed to declare at least six properties in Montenegro and Serbia. He also did not report the 74-square-metre apartment in Budva, which was later included in the court-ordered seizure measures.
In total, Nešić and his wife Maja own at least 12 valuable properties across Bosnia and Herzegovina, Serbia, and Montenegro, with a combined value running into millions of marks. According to investigations, Nešić invested at least one million BAM in real estate towards the end of, and immediately after, his tenure as acting director of the public company Putevi Republike Srpske.
At the end of 2024, Nešić was arrested on suspicion of criminal activities during his leadership of Putevi RS, accused of accepting bribes, abusing his position, and money laundering between 2016 and 2020, resulting in illicit financial gains of around one million BAM. Although he has since been released pending trial, he has lost his ministerial post, and investigations into his activities continue.
