New information in the ‘Telekom’ case

New information in the ‘Telekom’ case

 

By Adnan Prekic – Podgorica

After the U.S. Embassy in Podgorica announced that the U.S. Securities and Exchange Commission has evidence of corruption in the privatization of Montenegrin Telekom  in the 2005, media have published documents that allegedly confirm that suspicion. The daily newspaper “Vijesti”, pointing to a document from the American Commission on Securities and Stock Exchange, announced that Ana Kolarević (photo) in the case of the privatization of Telecom Montenegro, received bribes on behalf of her brother, Milo Djukanovic, the current Prime Minister of Montenegro.

The U.S. Commission for the Securities and Exchange Commission (SEC) has discovered the evidence of corruption in the privatization of Montenegrin Telecom, after the completion of the legal process against three former directors of the Hungarian Telekom. The company operates within Deutsche Telekom, which is listed on the American Stock Exchange, and the case was based on the suspicion that they violated United States’ accounting and anti-corruption regulations. The documents from the trial against the three former directors of the Hungarian Telekom also mentioned corruption through fictitious contracts of the consulting services in Montenegro. The daily newspaper “Vijesti”, who had access to this evidence, revealed that the sister of Prime Minister Milo Djukanovic, Ana Kolarević  took the money on behalf of her brother. Kolarević and five other Montenegrin citizens were on the list of three former Hungarian Telecom directors as defence witnesses before the court in New York for violations in connection with the alleged bribery of officials in FYR Macedonia and Montenegro.

During 2012, the montenegrin media reported that U.S. investigative authorities received information that in 2005 the Euromarket bank conducted over payments related to the affair “Telekom” in the amount of 2,324,325 euros. US officials discovered that someone at the bank misused the identity of the Mexican writer Oscar Ramirez. The investigation determined that the alleged Mexican Oscar Ramirez opened the account of the company’s investement assets on April 21 2005 in Euromarket, in which the Hungarian Telekom on May 12 2005 paid 2,324,325 euros. After five days, all the money was withdrawn from the bank account, while the account and the company shut down.

The U.S. Embassy in Podgorica has clearly stated that evidence exists, and that they are expecting from Montenegrin institutions to open the case. The prosecutor said that in the documents they received there is no evidence of any corruption or other criminal offense having been committed, but the embassy announced that they will submit more documents from the United States.

Ana Kolarević, sister of Prime Minister Milo Djukanovic, had rejected accusations earlier that she accepted bribes. On November 2012 she announced  that Montenigrin Telekom through the company Sigma, paid her 246,000 euros for working on the process of the “legal reorganization” of the company. This was confirmed by Prime Minister Milo Djukanovic, who has denied involvement in corruption, stating that his sister received 246,000 euros for making the legal agreement.