BREAKING NEWS

Police arrest Serbia's richest man in anti-graft probe

By REUTERS

DECEMBER 12, 2012 12:16

BELGRADE - Billionaire retail tycoon Miroslav Miskovic, one of Serbia's most influential figures, was arrested with his son and seven other people on Wednesday as part of an anti-graft probe, a government official said.

"They are suspected of siphoning funds and property from privatized road maintenance companies and making financial gains of as much as 30 million euros ($39 million)," the official, who asked not to be named, told Reuters.

Estimated to be Serbia's richest man, Miskovic has interests in retail, agribusiness, real estate and insurance in Serbia and the Balkan region.

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