Serbian Judge Extends Detention of Miskovic, Son, Associates

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

Miskovic, 67, his son Marko and another two men will be detained until at least Feb. 10, while three other associates arrested in the same investigation will be released, Maja Kovacevic-Tomic, a judge at the Higher Belgrade Court, said in a phone interview.

The case involves suspicions regarding more than 30 million euros ($40 million) of alleged illegal profits from the sales.

A company statement last month 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.”

Miskovic, the owner of closely held Delta Holding, and his son were arrested Dec. 12 as Serbia’s government pledged to step up the fight against corruption.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE