Bosnia and Herzegovina: Prosecutors Investigate Controversial Loans of Bobar Bank

Bosnia and Herzegovina State Police (SIPA) have detained 10 people for questioning, suspected of being part of an organized crime group which fleeced Bobar Bank of around 123 million Bosnian Marks (US$ 71.5 million). The fraud has shaken the country's banking sector, prosecutors said.

The police operation started early Thursday in the territories of Banja Luka, Bjeljina and Zvornik after several months of investigation into alleged illegal activities at the bank.

For more information: Organized Crime and Corruption Reporting Project

 

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