Thursday, May 31, 2012

The Banking Clan

17:38, May 31, 2012

On Dec. 17 2008, the same day as the government's €44 million bailout of First Bank with taxpayer money, then-Prime Minister Milo Djukanovic told a reporter in Ulcinj that Global Montenegro, his private consulting and management business, got its start through a loan.

"We took the first step, which was to prepare a good business plan and based on that we were given a €5 million loan from the Hypo Alpe-Adria-Bank," said Djukanovic

But that's not what happened, according to internal documents obtained by the Organized Crime and Corruption Reporting Project (OCCRP).

http://www.reportingproject.net/first_bank/en/the-banking-clan

Source: HetqOriginial Article

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