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    14
    Dec
    2012
    10:49am, EST

    Serbia's richest man jailed for 30 days ahead of corruption trial

    By The Associated Press

    BELGRADE, Serbia -- A judge on Friday ordered the richest man in Serbia to be held in prison for 30 days pending trial on suspicion of corruption, as the government hailed his arrest as proof that no one is above the law in the graft-plagued country.

    The arrest of influential billionaire retail tycoon Miroslav Miskovic is part of an anti-corruption sweep that the new nationalist government says is necessary if the country wants to move closer to European Union membership. But critics argue the crackdown is mostly aimed at political opponents and allies of the country's previous pro-Western leadership.

    Miskovic, 67, was arrested on Wednesday along with his son Marko and eight others in connection with the privatization of several Serbian road construction companies in 2005, during which the suspects allegedly gained illegal profits of about $39 million.


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    The judge at Serbia's special court for organized crime ruled that Miskovic, his son and five others must remain in prison during the pre-trial investigation. The rest were freed, with their travel documents seized.

    "We are now starting with the investigations," said public prosecutor for organized crime Miljko Radisavljevic. "We will try to collect as much evidence as possible."

    Serbian mountain is the latest to brace for 'Doomsday' crowd

    Briefly served in Milosevic government
    Miskovic is the owner of Delta Holding, the largest private company in Serbia, which deals with retail, real estate, insurance and agriculture business throughout the Balkans. Though he is not openly a government opponent he has financed several pro-Western parties that are now in opposition.

    He started his business empire under late strongman Slobodan Milosevic in the 1990s, when he also briefly served as deputy prime minister.

    Complete World coverage on NBCNews.com

    But after Milosevic fell from power in 2000, Miskovic supported the new, pro-Western authorities and expanded his wealth, estimated in 2007 at some $2 billion and believed to have grown since then.

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    © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    5 comments

    When a country like Serbia has a gross national product of about $80 million and some guy is worth over $2 billion, you have to know he's either corrupt or running drugs and weapons, or all the above.

    Show more
    Explore related topics: serbia, slobodan-milosevic, graft, featured, belgrade, miroslav-miskovic

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