Former Belgrade airport chief arrested in corruption probe

Former Belgrade airport chief arrested in corruption probe
By bne IntelliNews December 5, 2017

A former head of Belgrade’s Airport Nikola Tesla (ANT) — identified only by the initials V. R. — has been arrested as part of a corruption investigation, the Ministry of Interior Affairs (MUP) announced on December 4. The former chief of Serbia’s largest airport is suspected of abusing their position between March 2013 and April 2014, causing damages of over €41,000 to the company. 

V. R. was arrested alongside another 56 people also suspected of corruption. According to the MUP, the arrests are part of a series of separate actions all aimed at combatting crime and corruption linked to abuse of positions within state institutions.

V. R.’s arrest came at an unfortunate time since Serbia is in the process of selecting an investor for the 25-year concession to manage and develop state-owned ANT, which has already attracted bids from numerous international airport operators. The concession is expected to bring in a €350mn-€400mn advance payment and a further €10mn-€11mn every year.

MUP says that there are grounds to suspect that V. R. broke the law on public procurement when buying disaster recovery infrastructure in 2013. The ministry points to discrepancies between the price paid to its contractor and the market price, and says an unnamed Belgrade-based company benefitted from the deal. 

Alongside V. R., police also arrested four police officers, the former bankruptcy manager of Zastava Kovacnica, and several employees of Serbian Railways, state-owned Postanska Stedionica Bank's branch in Vrsac, Italian Intesa Bank's Pancevo branch, and Jugobanka-JU Bank AD Kosovska Mitrovica, as well as owners and managers of several other companies.

The actions was conducted in towns throughout the country — Belgrade, Novi Sad, Pancevo, Smederevo, Zajecar, Kragujevac, Kraljevo, Krusevac, Prokuplje, Pirot and Novi Pazar.

Those arrested are suspected of causing total damages of over €8.4mn to central and local government budgets and to other companies and individuals.

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

EBRD and AIK Banka forge €50mn loan for Serbian SMEs

The European Bank for Reconstruction and Development (EBRD) is partnering with AIK Banka to provide a €50mn loan for local small and medium-sized enterprises (SMEs) in ... more

Dismiss