Montenegro: Reporters Call on Tax Authority to Investigate Former President

15:58, March 13, 2015

Montenegro’s leading anti-corruption group, MANS, has demanded that tax authorities investigate the finances of the former president of Serbia and Montenegro and his wife.

According to leaked documents obtained by OCCRP, the wife of former president Svetozar Marovic stashed US$3.8 million in an account held with Swiss Bank HSBC in 2006 – 2007. Although Marovic had access to the account, he did not declare the asset.

Svetozar Marovic’s 2006 assets declaration lists his wife as unemployed, and shows that he earned about US$2250 a month serving as a parliamentarian and chairman of the board of a public company. According to the business registry, the Marovic’s did not own any private businesses in Montenegro before that year.  Read more... (243 words)

Armenian News