Saving the Bank at Any Cost
Despite the advice of the World Bank, the government of Montenegro refused to seize the bank controlled by the family of former Prime Minister Milo Djukanovic even though a low interest loan hung in the balance. Instead, it spent two years trying to remove government funds from the ailing bank.
Banking above the Law
An analysis of Central Bank reports shows that First Bank systematically broke a number of major laws and regulations governing the banking sector including banking law, anti-money laundering law, generally accepted accounting practices and reporting standards.
Millions from Concession Fees Remain with Private Owners
The government of Herzegovina-Neretva Canton has not been charging concession fees from private firms excavating stone and ore for years. At least 53 firms are exploiting natural resources in the canton, while only one is paying the fee.
Minister Ahmetović Expects an Order to Freeze Kelmendi’s Assets in BiH
The officials from NCB Interpol Sarajevo branch office and the Bureau for Coordination of Police Agencies in BiH say that they did not receive an order to freeze Kelmedi’s assets.
Dodik’s Son Gets a Loan the Same Day, Towns Wait Months
How their citizens vote may determine how easily towns in the RS can borrow development funds from a government bank.
Ćopić Trial: a Scheme of Money Laundering
The final material evidence which the special prosecutor Slobodan Ćelić presented today show the methods which Zoran Ćopić used in the laundering of money acquired through the sale of cocaine on behest of Darko Šarić.
Bailout: Protecting the First Family’s Investment
Then Finance Minister Igor Luksic promised that a bailout of First Bank would be overseen by regulators but instead, the first family’s bank was allowed to do whatever it wanted. And when it came time to pay back tax payers, the majority of the debt was simply switched to another governmental agency.
Politicians are illegally extracting stone in Una-Sana Canton
The government of Una-Sana Canton has failed to collect concession fees even from the firms that have quarry concessions. Local politicians own some of the firms illegally extracting stone .
Best Man, Best Loan Terms
Vuk Rajkovic was one of the people in charge of overseeing First Bank’s operations and ensuring it was compliant with banking regulations in 2007. But Central Bank documents show his case represents one of First Bank’s flagrant violations of the rules.