Serbia Bank Owner Arrested Following Licence Revocation
Prosecutors say Macura withdrew 45 billion dinars from the bank’s treasury with help from two staff members after regulators revoked its licence.
- On Monday, Serbian authorities arrested Alta Bank owner Davor Macura for abuse of office, alleging he withdrew 45 billion dinars from the treasury three days after the National Bank of Serbia revoked its licence.
- Two treasury employees allegedly enabled Macura's unauthorized vault access by providing security cards and being physically present during entries, allowing removal of nearly 385 million euros without triggering alarms.
- Citing significant financial deterioration and liquidity risks, the National Bank of Serbia revoked Alta Bank's licence on October 31, noting that supervisory measures failed to ensure the bank increased its liquidity levels.
- Around 2 million euros were withdrawn within days in North Macedonia, prompting the Central Bank to place the Alta Bank subsidiary under temporary administration to protect assets and depositors.
- Alta Bank expanded operations during President Aleksandar Vucic's tenure, handling state electricity payments and sponsoring his YouTube podcast, before the Serbian Progressive Party lost power after 14 years to the Student List.
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The prosecution accuses Davor Macura, allegedly linked to the SNS, of illegally entering Alta Banka's vault to withdraw funds after the Student List victory.
Davor Macura, a businessman close to the Serbian Progressive Party (SNS) and owner of Alta Banka, was arrested overnight after a lengthy raid on the bank's premises. The arrest comes after the bank's license was revoked and it was declared bankrupt, in a scandal that has raised questions about its ties to Russia and the Serbian government. Macura, 44, has become one of Serbia's richest businessmen during the SNS's years in power, building a busi…
Serbian businessman Davor Macura, owner of Alta Bank, who according to Serbian media has close ties to the Serbian Progressive Party (SNS), which lost in the early parliamentary elections, was detained on Monday morning. Four people were also detained on Monday on suspicion of vote buying, who voted for the list of former President Aleksandar Vučić, who lost in the October 25 elections, in exchange for money.
Serbia Police Arrest Macura, Owner of Alta Banka, N1 Reports
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