Serbian Tycoons have no property in Serbia

Belgrade, May 03 2010 ( Source: Blic) – As Serbian daily Blic writes, even six of seven businessmen who recently represented domestic economy in negotiations with the Government have their mother companies registered in Cyprus, Holland or British Virgin Islands. Companies behind which there are Miroslav Miskovic, Milan Beko, Miodrag Kostic, Toplica Spasojevic, Zoran Drakulic and Slobodan Petrovic are all registered in tax heavens where tax rates are smaller and where it is also possible to hide the real owners of the capital. According to official evidence by the Agency for economic registries, they have almost no property in Serbia. Thus Milorad Miskovic is always said to be the owner of ‘Delta Holding’ but one cannot see so in the Agency documentation. There it is written that ‘Delta Holding’ is owned by a company ‘Hemslade’ of Cyprus and Miskovic is mentioned as president of that company’s management board. The same case is with all other above mentioned businessmen. It is impossible to find out who owners of those companies registered in tax heavens actually are .