Suspected of stealing millions of dollars, Vučić's former economy minister arrested in Belgrade

Former Serbian Economy Minister Rade Basta has been arrested in Belgrade on suspicion of financial misconduct while he was running the public enterprise "Beogradske elektrane".

According to information published by Serbian media, Basta is suspected of having approved donations without a justified basis, causing financial damage that could reach tens of millions of dinars.

According to investigators' suspicions, public funds were distributed to several sports clubs, including small football and basketball clubs and a riding club, without any legitimate reasons for these funds.

The arrest was carried out by order of the High Public Prosecutor's Office in Belgrade. Members of the anti-corruption service were also involved in the action, who are conducting checks and raids in various premises.

Several other people suspected of being related to the case are also being questioned as part of the same investigation.

Who is Rade Basta?

Rade Basta was Serbia's Minister of Economy from October 2022 to 2023. He left office after political clashes, also related to his public stance on the possibility of imposing sanctions on Russia due to its aggression against Ukraine.

After leaving the government, Basta founded the political movement "European Path".

Investigations into suspected financial abuses at the public enterprise "Beogradske elektrane" are ongoing.

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