Serb tycoon indicted over privatisation deal

Serb tycoon indicted over privatisation deal
 

Miskovic, his son Marko and seven other people were indicted by Serbia's organised crime prosecutor for abuse of office and tax evasion.
They are accused of siphoning off a total of 25 million euros (21.1 million pounds) from a privatised and now bankrupt road repair company.
"They illegally raised the value of shares of the Preduzece za Puteve Nis ... to sell them," prosecutor Miljko Radisavljevic told reporters. "They also evaded tax on capital revenues."
If convicted, they face jail terms of up to 10 years.
Miskovic's Delta Holding has repeatedly denied the tycoon... read more

 
9 May 2013 in World News, Views: 138
Source: Reuters
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