Belgrade court extends detention for Delta Holding owner
The Belgrade Special Court extended custody for Miroslav M., the owner of real estate, insurance and wholesale firm Delta Holding, as well as for Milo D., owner of regional road construction leader Nibens Group, Serbian news agency B92 reported July 4.
“A pre-trial chamber of the Special Court also extended the period of house arrest with electronic monitoring to Miroslav M.’s son, Marko,” the court wrote in a release.
The decision was justified by deeming both suspects a flight risk.
Miroslav M. and Milo Dj. have been in detention since December 12, 2012. Marko M. was placed under house arrest and fitted with an electronic bracelet to monitor his movements on April 3, 2012.
“The measure taken against Marko M. can be extended for as long it is necessary, but not after a sentence in the case is delivered,” the court press release reads.
Over the next few days, the Special Court will be considering a proposal, put forward by Miroslav M.’s defense, that he be granted bail and released pending trial, or that he be placed under house arrest, Serbian news agency B92 reported.
On May 9, the Prosecutor’s Office for Organized Crime filed charges against M. and Dj. and nine other suspects for the misappropriation of funds and assets of several Serbian road construction and maintenance enterprises in the period between 2005 and 2010, according to Serbian news agency Tanjug.
Serbia’s organized crime prosecutor suspects that actions taken by the two suspects caused losses to public road enterprises and the state budget of RSD 16.95 bln and RSD 472 mln, respectively.