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HomeBalkansFive more people arrested in Serbia in investigation into financial flows of...

Five more people arrested in Serbia in investigation into financial flows of railway reconstruction

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Five Additional Arrests Made in Serbia as Investigation into Railway Reconstruction Financial Flows Continues

Illustration, Photo: Shutterstock

The Public Prosecutor’s Office for Organized Crime in Serbia announced today that following the arrest of six individuals, including Tomislav Momirović, the former Minister of Construction, Transport and Infrastructure at the onset of the Novi Sad Railway Station reconstruction, an additional five people have been taken into custody, bringing the total to 11.

Among those arrested are Nenad Ignjatović, owner of “Deko Team” from Beška, as well as Slobodanka Katanić, the investment manager of “Infrastruktura Železnice Srbije” and the project manager for the modernization and reconstruction of the Hungarian-Serbian Railway Connection from Belgrade to Budapest.

Additionally, Aleksandar Cvjetković, director and responsible person of the Youth Cooperative “Manager,” was arrested alongside Dragan Popović and Zoran Mijajlović, who hold responsible positions in several business entities, according to the prosecution.

“The task force will continue its efforts in the upcoming period to investigate financial transactions related to other elements of the project ‘Modernization and Reconstruction of the Hungarian-Serbian Railway along the route Novi Sad – Subotica – state border (Kelebija),” the statement noted.

Earlier today, the Prosecutor’s Office disclosed that six people were arrested in connection with the investigation into financial flows regarding the rehabilitation and modernization of the Novi Sad – Subotica – state border railway (Kelebija). Searches and detentions of five more individuals are ongoing, and several others are implicated in suspicions of causing damages to the state budget exceeding 115 million dollars.

The prosecution claims that through the signing of annexes to commercial contracts and agreements, suspects Tomislav Momirović, Goran Vesić, Anita Dimoski, Nebojša Šurlan, and Slobodanka Katanić allowed the contractor “CRIC – CCCC” to bill the financier and investor for the project work valued at 1.21 billion dollars.

Furthermore, the suspects allegedly facilitated the contractor to complete additional work for which there was an obligation of subsequent payment upon invoicing amounting to 64 million dollars. This action has reportedly resulted in a material gain for the contractor of at least 18 million dollars so far, causing a damage to the Serbian budget of 115,558,520.43 US dollars, representing the difference between the anticipated financial obligations for the Serbian budget and the contract price outlined in the Commercial Agreement.

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