Serbia's Prosecutors demands VBA and BIA to investigate arms trade from Krusik

Serbia's Prosecutors demands VBA and BIA to investigate arms trade from Krusik

Serbia's Prosecutors demands VBA and BIA to investigate arms trade from Krusik Izvor: N1

Serbia's Prosecutors' Office for Organised Crime demanded the Military Counter-Intelligence Agency (VBA) and civilian secret service (BIA) to launch a probe into arms trade deals of the ammunition Krusik factory with private companies, the Belgrade NIN weekly reported on Wednesday.

 The Prosecutors sent the request to VBA and BIA on November 18, 2019, to collect information on "public claims about some privileged private individuals concerning purchasing and selling the weapons and military equipment made in the Krusik factory," NIN wrote.

In its latest edition, the weekly revealed the details about the businesses by the privileged companies which were buying the weapons from Krusik at favourable prices, sometimes even lower than the cost of mines' production.    

NIN also wrote that Krusik had to take loans, while GIM, Partizan tek and the International Golden Group for Abu Dhabi, one of whose shareholders included the UAE Government, owed seven million Euros for delivered armament.    

Krusik's Supervisory Board authorised the then CEO Mladen Petkovic to ask Srpska Banka (Serbian Bank) to extend the deadline for the company's last instalment of the long-term € 449,966 loan for several months since it did not have enough money.

The minutes from the Board's meeting which NIN had access to, said that the last instalment was not paid because the Krusik's debtors did not pay the company.

After that, Krusik borrowed two million Euros more from Srpska Banka on November 28, 2018, and had to take a mortgage on many properties and offices as a guarantee.

At the same time, GIM owned by Goran Todorovic and also represented by Branko Stefanovic, the father of the Interior Minister Nebojsa Stefanovic, becomes the owner of exclusive offices in Belgrade's centre.

NIN also published new documents from February 2019 which, as the weekly wrote, confirmed suspicion that the privileged companies not only bought Krusik's mines at lower prices than others but received them even if didn't pay the agreed price.

The weekly said that though at the end of last year a part of the contract with GIM for the buyer from Saudi Arabia worth 5.5 million Dollars was realised, Krusik said that "3.431,835 Dollars remained unpaid."        

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