A case of Money Laundry from Novi Sad (Bitline, Limess Ltd., Kapital banka AD, Nova banka Bijeljina, Privredna banka Sarajevo AD...)

A case of Money Laundry from Novi Sad

In June 2003, before the Novi Sad Court (SCG), the indictment was filed against
Jovan Dujovic in the capacity of the Manager of the company Zvezda from Novi Sad and
Dusan Djermanovic, as the Chairman of the Board of Directors of the same company.
According to the indictment, in 2002 in Novi Sad, Dujovic and Djermanovic abused their
positions in order to acquire unlawful gain for their own and for the company ’Biltline
investment corporation representative office for Europe’ Budapest (with the HQ in
Panama), in the amount of EURO 553.225,81. They concluded a fictitious contract on
sales of goods with the manager of “Limess Limited” from Budapest, Igor Sabo and on
the basis of fictitious invoices issued by the “Limess Limited”, through Kapital banka
AD, Belgrade transferred the money on the name of “Limess LTD” Budapest to the
Central Europen international bank LTD Budapest in the amount of EURO 258.387, and
the amount of EURO 294.838,71 paid to the company’s account at Privredna banka
Sarajevo AD from Srpsko Sarajevo – Pale. The amounts were then transferred to the
account of Biltline, also represented by Sabo, and then to the account of Djermanovic’s
company “Konnet LTD Marshall dela njing suite 201 pobodž 1405 Majuro”at Nova
banka AD from Bijeljina, and that through “Deutsche bank” from Frankfurt. On the basis
of this deposit Nova banka AD Bijeljina issued the guarantees to the Nova banka AD
from Belgrade, which in December, 2002 concluded the contract on loan for the purpose
of privatization with Djermanovic and Sabo, on one side, and Antun Kaic, director of the
object of privatisation – “Agroseme” from Sremska Mitrovica. The guarantees were
terminated and the money from deposit, significantly reduced because of the previous
transactions, in the amount of EURO 436.458,30 was transferred to the account of Nova
banka AD Belgrade for the purpose of purchase of shares. This purchase was the subject
of the contract between Nova banka Bijeljina – AD Beograd and “Konnet LTD” as the
buyer of 2.676 priority shares of individual value amounting to Dinars 10.000, a total of
Dinars 26.760.000. According to the magazine
“Danas”( www.danas.co.yu/20030604/vojvodina.htm , 04.06.2003), a part of the shares
were given to Nikola Spasojevic, co owner of the company "19. decembar"; from
Zvornik, and the relative of Dragan Spasojevic, another co owner of the company, as well
as the shareholder of the Bank, for the exchange of new guarantees for the loans, which
were used for the privatization of companies in Vojvodina and Serbia. The article  stated
that the above information were obtained through the joint action of Money Laundry
Prevention Agency of SCG, police forces of Hungary, Republika Srpska and Kingdom
of Norway which provided for the cooperation with Interpol.