Millionaires in RS to have debts to Bobar Bank written off

 (Patria) - A significant portion, close to 260 million KM of total loans and interest in Bobar Bank, is uncollectible and a proposal for write-off will be submitted because all means of collection have been exhausted.

-    Bobar Bank in bankruptcy has managed to collect only 36.3 million KM, or 13.2 percent of total receivables, over the past four years, according to the report of Dušanka Novaković, the bank's bankruptcy trustee.

This will finally round off a long-concocted plan by those who enriched themselves through Bobar Bank. Back in late 2014, then-PDP Presidency member Aleksandar Golijanin accurately called it a „joint criminal enterprise“ orchestrated by the current RS authorities. The report shows that becoming a millionaire in the RS through Bobar Bank was easy. One would borrow a million or more, spend the money, and push the company into bankruptcy. The bank facilitated this with poor loan collateral, so today 90 percent of loans to legal entities exceeding one million marks are uncollectible.

-    A significant part of the litigation aimed at collecting receivables has been completed, but there is no property or any assets, and a significant portion of these receivables will have to be written off as uncollectible, Novaković stated, adding that she will prepare a detailed overview of uncollectible receivables for which all collection instruments have been exhausted and whose write-off is inevitable.

The biggest price is paid by workers of failed companies such as the Unis Pipe Factory from Derventa, from which money was siphoned through Serbian companies. The crime is documented, but those who took 8.6 million marks from Bobar Bank through Unis are now beyond the reach of BiH's judiciary. It is known that they live comfortably in London, spending money stolen from BiH.

Numerous RS officials indebted their companies through Bobar Bank and later shut them down. The list is long, from Ljubomir Mrđa, who advises Foreign Minister Staša Košarac, to Risto Marić, former director of RS Forests, and Mihajlo Vidić from the RS Chamber of Commerce.  

For now, only the former director of the Banking Agency, Slavica Injac, is being held accountable. Bobar Bank was also drained by the controversial banker Slobodan Pavlović, through whom Milorad Dodik bought a villa in Dedinje.