Money laundering

Prosecutor calls for 22 of 54 defendants in Siemens case to be cleared

The prosecutor in the trial of suspects implicated in the Siemens cash-for-contracts scandal has called for 22 out of 54 defendants to be cleared of bribery charges and to only face charges of money laundering, citing the provisions of the country's new penal code.

The prosecutor, Eleni Skeparnia, noted that the new code changes the charge of active bribery to a misdemeanor.

Prosecutor calls for 22 of 54 defendants in Siemens trial not to face bribery charges

The prosecutor in the trial of suspects implicated in the Siemens cash-for-contracts scandal has called for 22 out of 54 defendants to be cleared of bribery charges and to only face charges of money laundering, citing the provisions of the country's new penal code.

The prosecutor, Eleni Skeparnia, noted that the new code changes the charge of active bribery to a misdemeanor.

Serbia Weak on Penalising Money-Launderers: BIRN Analysis

Less than a fifth of reported cases of money-laundering in Serbia end up in courts, with those convicted often handed a minor sentence of less than a year in prison or fines of fewer than 100 euros, a new analysis by BIRN of Serbia's fight against money-laundering over the last decade shows.

Marinela Arabadzhieva Will Be Left in Custody

The Appellate Specialized Criminal Court left Marinela Arabadzhieva in custody. According to magistrates, there is danger for her to hide. Arabadzhieva has been charged with five crimes - participation in an organized criminal group in the period from 2013 to 2018, implementation of three tax crimes and money laundering.

Government fully committed to fighting money laundering

Prime Minister Ana Brnabic met today in Belgrade with a delegation of the Financial Action Task Force on Money Laundering (FATF), and on that occasion, she introduced the members of the delegation with the activities that our country implements in the fight against money laundering and terrorism financing.

Bulgaria-Based US Arms Dealer Charged with Brokering Illicit Deal

US arms dealer Ara Dolarian, who lives in Bulgaria, was arrested on May 15 in Fresno, California for allegedly brokering the sale of arms and munitions to the Nigerian government without acquiring compulsory US Department of Commerce and Investment licenses, the US Attorney's Office in the Eastern District of California announced on Monday.

The Bulgarian Prosecutor's Office and the European Investment Bank Signed a Memorandum of Understanding

Chief Prosecutor Sotir Tsatsarov has signed a Memorandum of Understanding between the Prosecutor's Office of the Republic of Bulgaria and the European Investment Bank (EIB) to  strengthen cooperation and exchange of information between the two institutions, the prosecution announced, quoted by BNT. 

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