SEC on Unioninvestplastika case: 22 individuals, brokerage firm, four fund management companies, and European companies suspected

(Patria) - The Securities Commission of the Federation of BiH has submitted a Report on a Committed Criminal Offense to the competent prosecutor's office against 22 individuals from BiH, a brokerage firm, four fund management companies, joint-stock companies, and limited liability companies from BiH, Austria, Switzerland, Liechtenstein, Malta, and Slovenia, as well as responsible persons in legal entities, due to grounds for suspicion that the reported individuals committed the criminal offenses of Association for the Commission of Criminal Offenses and Market Manipulation in connection with the trading of shares of UNIONINVESTPLASTIKA d.d. Sarajevo.

Exercising its authority under the Law on the Securities Commission, the Commission, after the appointment of a new convocation, initiated a series of activities for indirect and direct supervision of participants in the Federation of BiH securities market, and thus in a number of cases established grounds for suspicion of committing criminal offenses.

Based on the supervision of the operations of two brokerage firms in relation to the conducted trading and transfers of securities of UNIONINVESTPLASTIKA d.d. Sarajevo, the Commission has submitted a Report on a Committed Criminal Offense to the competent prosecutor's office against individuals with initials M.S. from Sarajevo, E.B. from Sarajevo, M.D. from Kiseljak, Z. D. from Kiseljak, Ž.K. from Travnik, R. K. from Travnik, N. K. from Travnik, R. P. from Sarajevo, A. R. from Ljubuški, S. H. from Sarajevo, E. P. from Sarajevo, F.Dž. from Sarajevo, G.Š. from Travnik, V.S. from Zenica, A.S. from Zenica, A.T. from Zenica, A.J. from Zenica, P.P. from Kiseljak, R.H., R.K. from Prača, F.Z. from Sarajevo, M.M. from Sarajevo, as well as against legal entities including a brokerage firm from Sarajevo, four fund management companies, joint-stock companies, and limited liability companies from BiH (Sarajevo, Zenica, Tešanj, Živinice, and Srebrenik), Austria, Switzerland, Liechtenstein, Malta, and Slovenia, as well as against responsible persons in these legal entities, due to grounds for suspicion that the individual M.S. from Sarajevo, with the intention of acquiring property benefits for himself or another, thereby causing direct property damage to closed investment funds, knowingly and intentionally organized a group of people, i.e., three or more physical and legal, domestic and foreign persons for the purpose of committing the criminal offenses of Association for the Commission of Criminal Offenses under Article 340 of the Criminal Code of the Federation of Bosnia and Herzegovina ("Official Gazette of the Federation of BiH", No. 36/03, 37/03, 21/04, 69/04, 18/05, 42/10, 42/22, 59/14, 76/14, 46/16 and 75/17) and Market Manipulation under Article 260 of the Law on the Securities Market ("Official Gazette of the Federation of BiH", No. 85/08, 109/12, 86/15 and 25/17), in connection with the trading of shares of UNIOINVESTPLASTIKA d.d. Sarajevo.

Along with the aforementioned report on the criminal offense, the Commission has also submitted extensive documentation collected during its supervisory activities to the competent authorities, and intends to remain a useful partner to the investigative bodies, both in this case and in relation to all other cases within its jurisdiction. The public will be informed in a timely manner about the outcome of these Commission activities within the scope of its supervisory activities on the securities market in the Federation of BiH.