Investigate Medenica's role in the sale of "Avala": New initiative regarding a decade-old affair

Đorđe Zenović called on the Special State Prosecutor's Office to finally address the privatization of the famous hotel, believing that it is a case that has been covered up.

31505 views 120 reactions 12 comment(s)
The former appearance of the Avala Hotel, Photo: Private archive
The former appearance of the Avala Hotel, Photo: Private archive
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Special State Prosecutor's Office should investigate the role of the former President of the Supreme Court Vesne Medenica in the sale of the Avala hotel a decade ago.

An invitation to SDT investigators, headed by Vladimir Novović deal with the case, the leader of the citizens' group "Movement for the City" said Đorđe Zenović, believing that it was an affair that was covered up.

Over the past few years, Zenović has repeatedly initiated the privatization of "Avala", but there has been no reaction.

"The first-instance verdict against Vesna Medenica pleases every normal and elementary informed person in Montenegro, because we know that she has been entertaining and entertaining the Montenegrin judiciary for more than two decades. I would be especially pleased if the Special State Prosecutor's Office investigated her role as the supreme state prosecutor, who 20 years ago dismissed criminal charges for the illegal sale of the Avala hotel, without any logical explanation. The SDT should finally investigate how the old and new hotel, villas, outdoor and indoor swimming pools and related facilities at this location were sold for 3,2 million euros in 2003," Zenović emphasized.

Hotel Avala Budva
Hotel Avala Budvaphoto: Vuk Lajović

According to him, the second-ranked company at the auction offered 7,5 million euros, which was the official estimate made for the "Budvanska Rivijera" Hotel Group, the then owner of the hotel.

"The key thing in the whole deal is that the Privatization Council, chaired by Milo Djukanovic, when deciding on the sale, he called on the ruling of the Supreme Court panel presided over by his sister Ana Kolarevic", which finally determined the value of the hotel at 3,2 million euros compared to the official value of 7,5 million euros," Zenović pointed out.

He emphasizes that a few months after that verdict, HG "Budvanska rivijera" made a new assessment, which at the time amounted to just over seven million euros.

"A few years later, the old hotel was demolished and a mockery was made of the most beautiful location in Budva. I have repeatedly called on the SDT to launch an investigation into this topic, but according to my information, this has not happened so far," said Zenović.

The hotel with the associated land was sold from the ownership of "Budvanska rivijera" in 2004 for a total of 3,2 million euros to the company "Beppler & Jacobson Ltd", which was then backed by Zoran Bećirović i Igor LazurenkoThe Danish company “Merienlist Hotels and Casinos” offered 7,5 million euros.

The Privatization Council, on the grounds that the Danish company allegedly failed to submit the required documentation on time, annulled the tender. Bećirović and his Russian partner appealed the Council’s decision to annul the tender and requested that the sales contract be awarded to them as second-ranked bidders. The final decision was ultimately made by the Court, whose panel included Ana Đukanović, sister of the then Prime Minister and president of the Privatization Council that was selling the hotel. The verdict was that the hotel with all the land in the best location in Budva should be sold to Bećirović and his partner for a price of 3,2 million euros. Đukanović later became legal counsel for the company “Beppler & Jacobson Ltd”.

Bonus video: