After two years, the SDT is still determining whether former state officials were involved in the stalling of a 50 million euro deal.

The Special Police Department is collecting data, information, documentation and other evidence, which will be useful for further conducting the procedure and making a decision, "Vijesti" was told by the SDT.

Budva Capital Investment approached the Government in 2023, claiming that the former authorities had blocked a planned investment in the hinterland of Kamenovo for more than a decade.

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Kamenovo is one of the more attractive locations on the Montenegrin coast (illustration), Photo: Vuk Lajović
Kamenovo is one of the more attractive locations on the Montenegrin coast (illustration), Photo: Vuk Lajović
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Special State Prosecutor's Office (SDT) has been investigating the case of the blocking of a planned multi-million investment on a plot of land near Sveti Stefan, allegedly due to the fault of former senior statesmen, for almost two years.

Back in 2007, the Budva Capital investment company bought 21.000 square meters of land in the hinterland of Kamenovo, invested 10 and planned an investment of at least another 50.000.000 euros.

After 12 years - in 2019, the Government of Duško Marković agreed to urbanize that land...

The alleged culprits for such a delay, as previously reported to "Vijesti", are officials from the former Ministry of Economic Development in the period 2009-2010, including the then minister and senior DPS official Branimir Gvozdenović.

"The investigation into the criminal case you are interested in is still ongoing and the Special Police Department is collecting data, information, documentation and other evidence that will be useful for further conducting the proceedings and making a decision," SDT spokesperson, Special Prosecutor Vukas Radonjić, responded to the editorial board.

The Prosecutor's Office was informed about this behavior of the former authorities two years ago by the current Ambassador to Macedonia, Zoran Miljanić. At the time, he was the Minister without Portfolio in charge of the fight against corruption. Miljanić submitted the investor's complaint and other files related to this case to the Supreme State Prosecutor's Office in mid-2023, and they forwarded it to their colleagues in the SDT.

"Vijesti" previously reported that the documentation submitted to Miljanić allegedly states that the leaders of the Budva Municipality in the period from 2009 to 2010 persistently avoided adopting urban plans so that the multi-million investment could be realized.

"The then leaders of the Municipality of Budva, instead of adopting an urban plan and enabling the realization of the investment, according to the oral orders of the Ministry, changed the planning documents and the purpose of the space, and there was no public discussion... New infrastructure facilities were drawn over that plot of land with the new plans," he said. "News" one of the interlocutors.

The Minister of Economic Development in 2009 was Gvozdenović, who after the elections that year took over the position of Minister of Urban Planning.

According to data from the Central Register of Business Entities (CRPS), Budva Capital Investment was founded in April 2007 with a total capital of 7.742.163 euros.

The Budva-based company was founded in 2007 by famous Macedonian businessman Svetozar Janevski, when he purchased a land complex above the main road from locals.

Janevski is the president of the Board of Directors of the “Tikveš” winery.

According to the CRPS database, as early as 2008, the Dutch company "Rothbury Communication International BV" was registered as the founder of the company, while Janevski remains the executive director and authorized representative.

Since May 2009, the company has been joined by entertainment manager Radomir Raka Marić, who at that time organized musical spectacles in Budva - concerts by the Rolling Stones and world pop stars Madonna on Jazz, and whose engagement was insisted on by Svetozar Marović, who was in the organizing committee.

Since the end of 2011, Marić has become the company's executive director and authorized representative, Janevski is formally gone, and the mysterious Dutch company remains registered as the founder.

During 2022, the company is owned by Rothbury communications international BV, the CEO is Borče Ilioski, and the authorized representative is Marić.

The last change was made in February last year - the Dutch company is still the founder, while the authorized representative is Jane Janevski, and the executive director is Nada Lalović.

The company was determined to build a luxury apartment complex a decade ago, and so the project "Harmony Condominiums Montenegro" was promoted, a complex that was to be built on their plot.

The project was completed, and the sale of apartments to potential buyers was launched on one of the websites.

However, the municipality of Budva did not pass the planning document that was supposed to cover this plot and thus enable construction.

It is not known whether the company has taken the necessary steps since then to realize the announced investment.

The Kamenovo area is currently one of the most attractive, as hotel and residential complexes have begun to be built in the hinterland of the beach itself.

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