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Sarajevo Times > Blog > BUSINESS > The Court confirmed Indictment against “Bosnalijek” Director
BUSINESS

The Court confirmed Indictment against “Bosnalijek” Director

Published September 16, 2023
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The prosecutor of the Prosecutor’s Office of Bosnia and Herzegovina, in the case of high corruption and organized crime, filed an indictment that refers to criminal acts of organized crime, abuse of position or authority, conclusion of a harmful contract and money laundering, which were committed between 2005 and 2016, for which 11 individuals and 4 legal entities are charged. The court has confirmed the indictment on Friday.

The indictment states that the first defendant, Nedim Uzunović, in his capacity as an organizer, together with several other persons with whom he is connected by family ties or in another way, acting as an organized group, according to mutual agreements, planned and executed criminal acts, in order to achieve illegal property benefits, and contrary to the interests of the company Bosnalijek d.d., carried out financial transactions through several off-shore companies, registered in the British Virgin Islands and Seychelles, in favor of company accounts in Latvia, Cyprus and other countries and for alleged marketing or consulting services that were not performed.

The indictment states that the first defendant Uzunović Nedim, as the actual owner of off-shore companies and director of the representative office of the company Bosnalijek d.d. in Moscow, with the intention of concealing the real source, nature and origin of the money and illegally injecting it into legal financial flows, paid large sums of money into accounts at his disposal, as well as the accounts of persons close to him, which were then used for various purposes, including and purchase of real estate, shares, vehicles and other valuables.

According to the collected evidence, the defendants damaged the company Bosnalijek d.d. Sarajevo for the amount of 10,849,609.43 BAM and obtained illegal property benefits in the amount of 9,984,508.01 BAM, which money they then disposed of and used in business operations, buying movable and immovable property in Bosnia and Herzegovina and the Republic of Croatia , placing money they knew to be the proceeds of crime into legal financial flows.

The BiH Prosecutor’s Office and partner institutions and agencies that participated in the investigation in BiH and abroad, especially the State Agency for Investigations and Protection, documented hundreds of foreign and domestic financial transactions in large amounts, and over certain funds and assets, during the procedure the prohibition of disposal was executed, and within the framework of the indictment, the confiscation of multimillion-dollar illegal property benefits, in individually determined amounts, will be requested.

The prosecution will prove the allegations of the indictment by calling 24 witnesses, an expert witness, as well as by attaching hundreds of evidentiary materials, including international legal aid documents obtained from the judicial institutions of Latvia, Cyprus, Croatia, Slovenia, etc.

The indictment has been forwarded to the Court of Bosnia and Herzegovina for confirmation, the Prosecutor’s Office of Bosnia and Herzegovina announced.

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