Investigation finalized: Indictment of Bobar Bank will be forwarded to BH Court

Indictment in the case 'Bobar Bank' will be soon forwarded for confirmation to the BH Court. It is a result of a long and thorough investigation in one of the biggest cases of financial crime in BiH, Prosecutor's Office said in a statement.

An intensive investigation that lasted 18 months produced hundreds of pieces of material evidence, expert opinion, included hearings of dozens of witnesses. Misuse of business funds caused a direct loss of 130 million KM, which directly affected BH and entity institutions, companies and citizens.

The indictment includes a number of private persons charged for organized action of misuse of authority in the economy and financial crimes.

The investigation revealed that, through the said bank, loans were being approved for companies – members of Bobar group, with none or minimal collateral, whereby the collection of credit became impossible and the bank went bankrupt. The individuals who received bank loans thus obtained illegitimate property gain of app. 125 million KM, while deposits of many state institutions and entities, assets of municipalities, public companies and citizens were lost.  

On 20 July 2016, the Prosecutor's Office initiated and the BH Court in cooperation with SIPA, blocked entire private assets of the suspects in this case.

The case 'Bobar Bank' is the most complex case of financial crime in post Dayton BiH. It constitutes a decisive step of the Prosecutor's Office and BH law enforcement agencies in a combat against illegitimate spending of public funds and unjust enrichment.

The indictment proposes hearing of more than 100 prosecution witnesses.

The Prosecutor's Office BiH continues to combat financial crime and money laundering, with the aim to protect banking and financial systems of BiH for sake of a greater financial safety of BH citizens.

The Bobar Bank case is intertwined with other cases which will give birth to multiple consequences in BiH and elsewhere, which the Prosecutor's Office is working on. We continue to fight financial crime and corruption and nothing can stop us in that endeavor, the Prosecutor's Office said in the statement.