Edin Arslanagić Sentenced to 12 Years in Prison
In addition to Edin Arslanagić, the former director of Bosnalijek, his partners involved in the embezzlement of money from this pharmaceutical company, Hasan and Jasmin Šepo, and Šefik Handžić, have also received non-final prison sentences.
Bosnalijek CEO Accused of Causing Company Losses of 10.8 Million BAM
The Prosecutor’s Office of Bosnia and Herzegovina has accused the director of Bosnalijek, Nedim Uzunović, his associates, and family members of using the company’s funds to purchase shares, cars, and real estate in Croatia and Bosnia and Herzegovina.
The Arslanagićs Trading Luxury Real Estate In America
While the former director of Bosnalijek Edin Arslanagićs assets in BiH was blocked, his son Vedad Arslanagić sold a seven-room villa in the upscale neighborhood of Atlanta, USA.
Bosnalijek’s Money from Malta to Russia
Director Nedim Uzunović is suspected of siphoning off money from Bosnalijek through his own offshore companies, which he used to buy shares in this factory or distribute it to his family and associates.
CIN Published a Correction Related to Story about the Arslanagićis’ Property
The Center for Investigative Reporting in Sarajevo (CIN) wrote an incorrect data in a story “Court Froze Houses in Bosnia, but the Arslanagićis Bought New Ones in the US”, that has been corrected.
Court Froze Houses in Bosnia, but the Arslanagićis Bought New Ones in the US
Family members of the former director general of Bosnalijek have spent 3.75 million KM over seven years on houses, flats, villas and companies, which is 1.05 million KM more than their combined declared income in BiH.
Fishy Transactions from Russia via Sberbank
Certain money used for the 2013 acquisition of Bosnalijek shares, through a Sarajevo-branch of Sberbank, was of questionable provenance.
Russians Improperly Parked in Bosnalijek
Haden, a Luxembourg investment, arranged a buyout of Bosnalijek’s shares in violation of laws and Sarajevo stock exchange rules.
The Cost of Pills for Bosnalijek
Two years after Russian investors took over Bosnalijek for 32 million KM their firm went bankrupt, defaulting on as much debt to the Sarajevo factory as they had put down for its acquisition.
