Kraljičina beach near Novović

In the information forwarded to the SDT, former executive director Dragan Miković, and members of the Board of Directors Milena Radulović, Ana Todorović and Branko Medigović are accused of having committed the criminal offense of abuse of position in business operations, as well as possibly another criminal offense that is prosecuted ex officio.

32857 views 18 comment(s)
Hotel Kraljičina plaža, Photo: Vuk Lajović
Hotel Kraljičina plaža, Photo: Vuk Lajović
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Where did the inventory disappear during the demolition of the Kraljičina plaža hotel, how, contrary to the lease agreement, the stone villa in Miločerski Park was given as collateral for the loan that the state-owned company HTP Miločer took from Universal Capital Bank, one of whose owners is Adriatic Properties, the lessee of the elite hotel complex Sveti Stefan Miločer, the absence of a valid guarantee for the construction of a new hotel, but also how the executive director paid himself 40 thousand euros.

The Special State Prosecutor's Office (SST) was informed about this, in the information provided to them by the executive director of HTP Miločer. Igor Đurašević.

The board of directors of HTP Miločer, of which he is the head Đorđe Vujović, made the decision to initiate the criminal-legal responsibility of the former management of that government company, as well as the executive authority functionaries, after the business audit for 2020, when numerous irregularities surfaced.

In the information forwarded to the SDT, of which he is the head Vladimir Novović, the former executive director is charged Dragan Miković, and members of the Board of Directors Milena Radulović, Ana Todorovic i Branko Medigović that they have committed the criminal offense of abuse of position in business operations, and for any other criminal offense that is prosecuted ex officio.

What about the inventory?

Đurašević stated in the report that when the hotel was removed, an inventory of the hotel Kraljačina plaža was not taken.

"Nor is it known to this day what the inventory of the hotel was (it undoubtedly had to be furniture, kitchen, ventilation...) and where the inventory finally ended up. It is unknown whether it was destroyed, sold, given away, because after assuming office as the executive director, there is no document about this in the business documentation of this company, and such actions caused damage to the company, which will be assessed after the investigation," he stressed. is Đurašević.

According to him, a particularly big problem in the near future will be the transfer of land from green space to urban construction land, due to incomparably higher taxes.

"The current damage on these two grounds is 150.000 euros from the rent and 80.000 euros on the basis of the tax paid for 2018. As of December 31, 12, the company did not assess the value of investment real estate, in order to show the effect through the Income Statement, nor did it amortize them," Đurašević pointed out.

Credit beyond the contract

As one of the disputed contracts of the former management, Đurašević cites credit debt.

"On March 9, 2018, the Board of Directors passed a Decision approving the debt with Universal Capital Bank in the amount of 867.000 euros. As a means of securing the loan, a mortgage will be registered on plot number 966 KO Sveti Stefan, which is owned by the company. As collateral, the company gave Villa 600 in Miločerski Park, although this is not allowed by the main contract, that is, it cannot be mortgaged to a third party".

Đurašević reminds that the lease agreement with the company Adriatic Properties dated January 31, 2007, provides for performance and bank guarantees.

"The lease agreement stipulates that Adriatic Properties will provide an irrevocable and unconditional bank guarantee by an international bank in the amount of EUR 500.000, which will include the bank's undertaking to pay HTP Miločer up to EUR 500.000 upon request. on the condition that the lessee has not paid the rent", stated Đurašević and added that HTP does not possess the mentioned bank guarantees, nor is it aware that they ever existed in the business documentation.

Đurašević informed the SDT that the former executive director Dragan Miković paid himself 40.000 euros, without stating the basis of the payment.

"Out of the stated amount, a refund was made in the amount of 28.000 euros to the company's account. There is no basis for the remaining 12.000 euros, which were recorded as a claim from the executive director".

Contract, annex and secrecy

Prime Minister's Government Željko Šturanović On January 15, 2007, she gave the green light to conclude a 30-year lease agreement for the Sveti Stefan Hotel and Kraljičina Plaža and Villa Miločer. The signatures were then signed by the directors of HTP Budvanska Riviera and HTP Miločer, as well as representatives of Aidway investments limited from the British Virgin Islands, the Ministry of Tourism and Aman resorts management from the Netherlands.

According to the contract at the time, the guaranteed annual total rent is 1,6 million euros, but the contract also stipulates that it can be changed every third year.

The lessee undertook to keep the hotels open for a minimum of 11 months, but also to invest 50 million euros in the reconstruction of St. Stefan...

Prime Minister's Government Zdravka Krivokapića after ten years, she removed the secrecy mark from the documents related to the lease.

Lawyer Ana Đukanović, the sister of the current president of the country Milo Đukanović, she wrote on November 6, 2012 to the then prime minister Igor Lukšić requesting to reduce the rent paid by Adriatic properties according to the contract. After her letter, on November 29 of that year, the Government adopted the annex proposal for three hotels and sent it to the Assembly, which adopted the annex only after three years, because the then coalition of DPS and SDP did not have a majority to support that act. Later, Đukanović's Government received the support of part of the then Pozitivna and the annex for Sveti Stefan and Miločer was adopted at the end of July 2015. The annex for Kraljičina Beach was adopted half a year later.

With the annex for Sveti Stefan, the lease was extended for 12 years, until 2049, and the rent was reduced from 1,6 million to 1,1 million euros. With the annex for Kraljičina plaža, the lease was extended from 30 to 90 years and the construction of a condo-hotel was made possible, i.e. half of the apartments for sale and half for hotel business.

Leader of the Positive Darko Pajović who ruled that the contract should be extended, was given an ambassador's position in Beijing...

Bonus video: