Investigation concluded: Indictment for Bobar Bank to be forwarded to the Court of BiH for confirmation

The indictment in the "Bobar Bank" case will soon be forwarded for confirmation to the Court of BiH. It is the result of a long-term and thorough investigation into one of the largest financial crime cases in BiH, the BiH Prosecutor's Office announced, reports the Patria News Agency.

Following an intensive investigation that lasted about 18 months, with hundreds of pieces of evidence collected, expert examinations conducted, and dozens of witnesses interviewed, the indictment relates to abuses in the operations of Bobar Bank, which caused direct damage of approximately 130 million KM, affecting institutions of BiH and the entities, companies, and citizens.

The indictment includes a larger number of individuals accused of committing criminal offenses of abuse of authority in business and criminal offenses of financial crime through organized action.

The investigation established that loans were deliberately granted through the said bank to legal entities – members of the Bobar Group of related parties, with no or minimal security instruments, which led to the inability to collect the loans and the collapse of the said bank, resulting in individuals who received the loans gaining illegal property benefits amounting to approximately 125 million KM, and deposits of many state and entity institutions, funds of municipalities and public enterprises, as well as citizens' deposits, were lost.

We remind that on July 20th of this year, in cooperation with SIPA and at the proposal of the Prosecutor's Office, the Court of BiH blocked all personal assets of the suspects in this case.

The Bobar Bank case is the most complex financial crime case in post-Dayton Bosnia and Herzegovina and represents a decisive step by the Prosecutor's Office and law enforcement agencies in the fight against the illegal spending of public funds and the illegal enrichment of individuals.

The indictment proposes the examination of over 100 prosecution witnesses, and hundreds of material evidence items have been attached, along with extensive expert examinations.

The BiH Prosecutor's Office continues the fight against financial crime and money laundering, with the aim of protecting the banking system, as well as the payment and financial system of Bosnia and Herzegovina, and the financial security of the citizens of our country.

The Bobar Bank case is also connected to other cases that will have consequences in BiH and beyond, and on which the BiH Prosecutor's Office is working. We continue the fight against financial crime and corruption, and we emphasize that nothing can stop us in this fight, the BiH Prosecutor's Office stated.