Experts say the tender process to privatize BiH’s most important industrial plant is not transparent and is open to corruption. Odd requirements in the tender eliminate many of the best aluminum companies and a plan to have multiple rounds of bidding opens the process to manipulation.
Some of the companies likely to bid on Mostar Aluminij do not have good track records as good corporate citizens. Allegations of corruption, bribery, fraud, extortion and other crimes haunt many of the regions biggest aluminum companies.
The history of the privatization of Mostar Aluminij reflects the complexity and troubles BiH has faced over the past decade. At issue is who really owns the countries largest exporter.