Obradović: Magar Telekom's business plan was binding

The former heads of Telekom, Oleg Obradović and Miodrag Ivanović, are accused of having obtained a benefit of 2,3 million euros from the company "Rawleigh Trading" from London in the name of a fictitious contract on consultancy services for researching the telecommunications market in Southeastern Europe by abusing their official position.

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Obradović and Ivanović, Photo: Savo Prelević
Obradović and Ivanović, Photo: Savo Prelević
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The trial of former Telekom directors Oleg Obradović and Miodrag Ivanović continued with the reading of evidence in the High Court in Podgorica.

Before the special panel presided over by judge Evica Durutović, the financial reports and statutes of Telekom and Monet were read, as well as the five-year business plan offered by Magyar Telekom during the purchase in 2005. Documentation was also read regarding the court process initiated in the USA against the leaders of Magyar and Deutsche Telekom.

The former heads of Telekom, Oleg Obradović and Miodrag Ivanović, are accused of having obtained a benefit of 2,3 million euros from the company "Rawleigh Trading" from London by abusing their official position in the name of a fictitious contract on consulting services for the examination of the telecommunications market in Southeast Europe.

Commenting on the five-year business plan that Magyar Telekom offered during the purchase of Crnogorski Telekom, special prosecutor Saša Čađenović claims that it is a non-binding document because it is part of the offer submitted by the buyer to the tender for the sale of Crnogorski Telekom.

"The evidence provided is not a business plan that binds anyone because it was not adopted in accordance with the regulations that regulate the adoption of binding business plans for legal entities. It is a document from an offer, and therefore that document does not bind anyone, but represents an expression of the intention that something will be done to do, not an obligation. Considering that it is an offer, as stated in the act, it is subject to any change," Čađenović believes.

The accused Obradović explained that the five-year business plan of Magyar Telekom, which was part of the offer, later represented a framework document on the basis of which more detailed business plans were adopted.

"Just as the price given in the offer is binding, so are the other offered documents, in this particular case the five-year business plan," said Obradović.

The defense attorney for the accused, Zoran Piperović, commented on the postponement of the prosecution of the management staff, i.e. the leading people in Mađar Telekom and Deutsche Telekom, which was confirmed by the District Court in Virginia.

He emphasized that the content of this document has no points of contact with Montenegrin Telekom, but that everything refers to Telekom in Macedonia.

"The case is over in the USA, where this case has been put to an end when it comes to Crnogorski Telekom," said Piperović.

Defendant Obradović, commenting on the Decision of the District Court of the District of New York, stated that in the second paragraph it is stated that the US Securities and Exchange Commission (SEC), that the defendants were connected in two schemes and which led to the bribery of public officials in Macedonia and Montenegro.

In this decision, it is stated that the SEC informed the court that the allegations related to bribery are based solely on the allegations related to Macedonia. He added that all the aforementioned facts relate to the scheme of the defendants in Macedonia.

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