Judge Extends Detention of Serbia’s Richest Man by One Month

Miroslav Miskovic, Serbia’s richest man will remain in detention for another month as an investigation continues into alleged corruption in the sale of state road companies, a judge said.

Miskovic, 67, and his son Marko, will be detained for another 30 days to make sure they do not flee the country, Maja Kovacevic-Tomic, a judge at the Higher Belgrade Court, said in a phone interview. Their release could also “disturb the public” and “interfere with the investigation,” she said.

Miskovic, the owner of closely-held Delta Holding, and his son were arrested on Dec. 12 on suspicion of illegally earning more than 30 million euros ($39 million) in the sale of state road companies. The government has pledged to step up fight against corruption.

A company statement in December said “we are absolutely certain that the activities of Delta Holding and its owner, Miroslav Miskovic, are in accordance with the law, and we are fully cooperating with the authorities.”

Judges can keep Miskovic in detention for as much as six months as part of the investigation process, Kovacevic-Tomic said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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