🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Serbia arrests 49 in anti-corruption sweep

Published 15/04/2016, 14:11
Serbia arrests 49 in anti-corruption sweep

BELGRADE (Reuters) - Serbian police detained 49 people, including officials from ministries and state-owned firms, on suspicion of corruption and abuse of office on Friday as part of an anti-graft drive that has gained momentum before this month's election.

Officials of the Finance Ministry, tax administration, the EPS power utility, the Putevi Srbije road maintenance company, the Post Office and 12 police officers were among those arrested across the country, Interior Minister Nebojsa Stefanovic said in a statement.

"This is yet another demonstration that the police will not stop ... Together with prosecutors, we will show Serbia can be a completely serious, honest and fair country," the statement said.

Two more suspects remain at large. The ministry alleged that the group's activities had cost the budgets of the country and the northern Vojvodina province around 7.6 million euros ($8.6 million) since 2007.

It is the second big crackdown on corruption since March when police arrested 46 people in a similar sweep.

Prime Minister Aleksandar Vucic's Progressive Party aims to cement its grip on power in the April 24 election to pursue economic reforms with the aim of completing European Union negotiations by 2019.

To join the EU, Serbia will have to step up the fight against corruption and organised crime which flourished during the wars of federal Yugoslavia's break-up in the 1990s.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.