Serbian National Bank Responds to CIN-Serbia Story
The National Bank of Serbia said it has found "certain irregularities," with the ownership Universal Bank during a review of minority shareholders prompted by a Center for Investigative Reporting (CIN) – Serbia investigation.
Serbia's first billionaire made his fortune in the darkest days of war, corruption and political unrest. But good times have been just as good to Miroslav Mišković who has combined political connections and aggressive business practices to get richer. But a host of dozens of mysterious offshore companies, many based out of his Belgrade offices or run by his employees raise questions about what he really owns and how he really makes his money.
Universal Bank's Silent Majority
A string of companies connected with Delta Holdings and its offshore partner, Vanity International, have taken stakes in Belgrade's Universal Bank, buying shares in amounts small enough to keep them off the radar of state banking regulators.
