Document confirming Terzić and Avdić pledged Agrokomerc property for a 2 million KM loan

Former heads of the construction company Grupex from Velika Kladuša took out a 2 million KM loan from Bobar banka in Banja Luka, and pledged part of the property of neighboring company Agrokomerc as collateral, which is a criminal offense, revealed the Patria news agency.

At the time when Grupex took out the disputed loan, in early 2014, the company was managed by former BiH Council of Ministers Chairman Adnan Terzić and former Una-Sana Canton Prime Minister Amir Avdić. Terzić had control over Grupex as the director of GP Put, the majority owner of Grupex at that time, and Avdić as a member of the Supervisory Board of Grupex.

Avdić recently denied the claims from the article. He claims that Terzić and he did not take out the loan. In the same denial, he also states that the property is not owned by Agrokomerc, but by the company Grupex.

Avdić refers to the land registry in the Land Registry Office of the Municipal Court in Velika Kladuša. He claims that it clearly shows that Agrokomerc is not the owner of the property.

- It is true that a commercial dispute is being conducted before the Municipal Court in Bihać, filed by DD „Agrokomerc“ Velika Kladuša against DD „Grupex“ Velika Kladuša for the determination of ownership rights to the disputed properties, but the court made a first-instance decision in favor of Grupex – said Avdić.

The Patria news agency obtained documentation from 1988, which reveals that the disputed property belonged to the company Grupex, but that it later became the property of Agrokomerc.

- Grupex was on the verge of collapse in the mid-80s. Agrokomerc bought part of Grupex's property at that time, including the property on which Avdić and Terzić took out the loan – explains Patria's source, adding that there are contracts, written evidence, decisions regarding this matter...

How is it possible that after so many years, Avdić and Terzić obtained documentation based on which they claim the disputed property is theirs.

Patria's source explains that the documents were most likely forged and then submitted to the bank. The possibility that the suspicious loan was also granted with the help of some people from the bank is not excluded, which an investigation could reveal.

The irregularities were discovered a little over a year ago. The case was handed over to the Cantonal Court in Bihać.

Both Terzić and Avdić still hold high positions in public companies and institutions. Terzić is the President of the Supervisory Board of Elektroprivreda BiH, and Avdić is a member of the Supervisory Board of the Development Bank of FBiH. Terzić and Avdić soon after taking out the controversial loan sold their majority stake in Grupex to the company Mujan Finance from Sarajevo.