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Hypo Alleged of Having Hoarded Assets of Former Serbian Regime

Published: December 6, 2013; 18:13 · (Vindobona)

A Serbian NGO suspects assets of former Serbian President Slobodan Milosevic at Hypo Group Alpe Adria. The Austrian bank strongly rejects this allegation.

Hypo Alleged of Having Hoarded Assets of Former Serbian Regime / Picture: © Hypo Alpe-Adria-Bank International AG

The Balkan anti-corruption authority has forwarded the respective documents to the Serbian judiciary. After the change of the regime in the year 2000 assets were transferred to a secret account at Hypo Group Alpe Adria where it was used for credit protection. However, the Austrian bank strongly rejects the claims. “Because of the alleged volume (of assets) alone such an operation can…

This article includes a total of 477 words.

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