The Commercial Court of Montenegro rejected the claim of M&V Company, a company owned by Vasilij Miličković, which, as a minority shareholder of Elektroprivreda, requested the annulment of the controversial decision of the shareholders' meeting of EPCG, made on March 28 last year, which concerned the takeover of all shares of Rudnik uljja AD Pljevlja.
The first-instance verdict was handed down by Commercial Court judge Danijela Vukčević.
The takeover of Rudnik took place in the second half of June, at a price of 6,4 euros, and all the remaining shareholders were paid this summer, so that EPCG is now the 100th owner of the Pljeval company. The Italian company A12,8A received the most money individually, around 2 million euros, followed by the state with around 10 million euros, and then Aco Đukanović, the brother of the Montenegrin president, with around 3,8 million euros.
Milicković, in reaction to the first-instance verdict, announced an appeal to the Appellate Court, and told "Vijesta" that he would inform the European Union Office in Podgorica about everything, but also directly to Brussels.
"Radmila Damjanović, who represented state capital in EPCG, did not vote at the assembly on March 28, 2018, to buy RUP's shares from Aca, even the Italian shareholder A2A did not support that proposal of Aca's Board of Directors, and together they own 99 percent of the ownership , but for judge Danijela Vukčević and her boss Blažo Jovanić (president of the Commercial Court-prim.aut), 0,08 percent of Aco's fans' shares are stronger than all other shareholders who have 99,9 percent. That is why this judgment of Judge Danija Vukčević will go down in the annals of the Montenegrin judiciary, and it will certainly be studied and studied at the Faculty of Law," Milicković assessed.
He claims that Judge Vukčević, with such a verdict, "caused huge financial damage in the amount of 80 million euros" to the state of Montenegro, which pays her.
"You ignored and opposed the state of Montenegro, which has more than 70 percent of ownership in EPCG and its position of not voting for the purchase of RUP shares...Ms. Vukčević, that instead of 0,08 percent of shares, 0,0001 voted for the decision ,XNUMX percent of the shareholders, would you legalize that decision even then", Milicković asked further.
He further told the judge "that Aco Đukanović is not employed by EPCG, he does not have a single action", and that "he is not interested in whether EPCG will invest in renewable energy sources in the future (solar power plant that is being built on Briška Gora and costs 180 million euros) or to coal-based thermal power plants, which will be shut down by 2022, according to the EU directive".
"So it is clear that you and Aco Đukanović made the decision on behalf of the Government to continue investing in expensive and ecologically polluted sources of electricity. Because of you and Aco Đukanović's wish, Mrs. Vukčević, EPCG will have to take credit for that investment in solar energy, and as you can see, you personally make strategic decisions about investing in EPCG, not the Government and the Board of Directors of EPCG. This statement of mine is true, God help me, and I give it under moral, material and criminal responsibility. That's why I will forward this statement as an open letter to the Judicial Council, the elders of the Viseg, Appellate, Supreme and Constitutional Courts, Messrs. Boris Savić, Mušika Dujović, Vesna Medenica and Dragoljub Drašković, to use the authority of their functions to prevent judicial embarrassment and cancel this scandalous verdict, before writing the appeal of my lawyers, because I will exhaust all possible domestic court instances up to and including Strasbourg", Milicković concluded.
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