The Securities Commission of the Federation of Bosnia and Herzegovina (FBiH) submitted to the competent prosecutor’s office a report on the offense committed against natural persons from BiH, Montenegro, Slovenia, Croatia, and legal entities from BiH, Slovenia, Switzerland, Austria, Slovakia, and Liechtenstein due to grounds for suspicion that multiple criminal acts have been committed, said the commission.
This Commission states the grounds for suspicion that these entities have committed criminal acts of organized crime, an association for the purpose of committing criminal acts, abuse of authority, unconscionable business operations, causing bankruptcy, receiving rewards for influence peddling, money laundering and manipulation on the market in connection with the disputed turnover of shares of the Construction Company ZGP Sarajevo by changing the ownership and management structure of the company and disputed real estate transactions, i.e. disputed activities that led to a drastic decrease in the value of the assets of the Construction Company ZGP Sarajevo and causing intentional bankruptcy of this company.
The aforementioned action of the Commission is a concrete result of the efforts made by this institution since the appointment of the new convocation in September 2021. It is also the result of the long-term work of its employees to shed light on the controversial actions of some participants in the capital market in the FBiH).
Namely, the Securities Commission of the FBiH is a federal administrative body whose competence is the regulation of conditions, ways of functioning and business, licensing of authorized legal and natural persons, and supervision of participants in the capital market: the securities register in the FBiH, the Sarajevo Stock Exchange (SASE), brokerage houses, brokers/dealers, investment advisors, fund and investment fund management companies, and banks authorized to perform depository and custodian activities on the securities market.
The Commission is also competent to impose measures established by law on authorized participants in the capital market, confiscate or temporarily suspend licenses of authorized participants, legal and natural persons, issue misdemeanor orders or submit misdemeanor reports, submit reports on committed criminal acts or criminal reports.
