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Former Genex executives arrested

Six former executives of the Genex company administration were arrested for an alleged abuse of office Wednesday.
Former director Milorad Savicevic, former general directors of Generaleksport Petar Novakovic and Ivica Lukic, director of the Privatization Agency’s legal center Ljiljana Mladjan, former director of the Kopaonik tourist agency Nebojsa Premovic, and general director of Internacional CG Vladimir Gajic were arrested in the raid.

They are suspected of abusing their positions and incurring damages worth some EUR 20mn to the company budget.

According to a police statement, the executives are suspected of illegally acquiring 1.2 hectares of land and selling the property without a tender to the consortium Neimar V, Kemoimpeks and Ivra in 2004.

On this property, buildings totaling 25,000 square meters were constructed.

The executives are also suspected of other illegal use of company funds and allowing free use of tourist services in several hotels at the Kopaonik mountain resort, which cost the Internacional CG company some EUR 55,000.

All of the suspects are currently in police custody.

Source: B92

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