Maintenance. We are currently updating the site. Please check back shortly
Members login
  • TrustLaw
  • Members Portal
Subscribe Donate

Kosovo police arrest 11 in privatisation investigation

Source: Reuters - Wed, 30 Apr 2014 15:32 GMT
Author: Reuters
cor-gov
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

PRISTINA, April 30 (Reuters) - Kosovo police have arrested 11 people, mostly officials of the state privatisation agency, on graft charges related to the sale of a metalwork company in the young Balkan country, police said on Wednesday.

Police said the alleged crimes, including abuse of office and fraud, were committed between 2006 and 2012 during the sale of metal processing company FAN, which was bought by a local businessman after a lengthy procedure.

"It is believed that the damage from this case to Kosovo's budget is several million euros," police said in statement.

Corruption, political interference and instability have stifled Kosovo's efforts to attract foreign investors to help boost its small economy since it gained independence from Serbia in 2008.

Local experts, diplomats and non-governmental organisations have for years accused privatisation agency AKP of selling state property on the cheap to buyers with political connections.

One of AKP's former managers is among those arrested.

Police have issued an arrest warrant for a parliament member from the biggest opposition party who had previously worked at AKP. Local media reported that he was out of country on a private business. ($1 = 0.7237 Euros) (Reporting by Fatos Bytyci; Editing by Zoran Radosavljevic and David Goodman)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus