The Commission for the Capital Market is still waiting for a statement from Luka Bar regarding the disputed half-year financial report (January - June 2018) and the verification of suspicious stock transactions, which it came to after the interview of the former director of Luka Zarija Franović on July 13 of this year.
For this reason, it is still uncertain when the investigation by the capital market regulator will be completed, according to the report of the Montenegrin Association of Small Shareholders (CAMA), and whether and when anyone will be held accountable for the false report and suspicious transactions reported to the Commission.
"I am informing you that the Commission did not receive the requested statement from the authorities of the Port of Bar," Commission President Zoran Đikanović announced to "Vijesta".
Dragan Nikezić, the new executive director of Luka Bar, did not answer the calls of "Vijesti" journalists. The audit committee confirmed to the Board of Port of Bar that the data that the company made a profit of around half a million euros during the six months of 2018 were not correct, but that the operating loss was 56,4 thousand euros, and the total was four million.
Two of the three members of the Audit Committee proposed that the financial sector of the Port of Bar "correct, in accordance with the findings of the special audit, the accounting records and financial statements on an individual and consolidated level, and that the corrected ones be adopted by the Board of Directors and then sent to the Commission for the Capital Market ".
CAMA reported the now former director Franović to the Commission, because, as they claim, he presented manipulative data in the media, which caused the price of shares on the stock market to rise by 20 percent over two weeks.
Franović defended himself that "in all public addresses, he presents only and exclusively facts, true and easily verifiable".
"There are strong indications that on this occasion, contrary to the prohibition from Article 138 of the Capital Market Law, Franović provided the public with misleading and incomplete information regarding the company's operations with the aim of artificially boosting the share price of this company, and that as a responsible person of the company, knew, or should have known, that the information was incomplete and misleading," CAMA Director Aleksandar Raspopović states in the report.
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