OCCRP PROJECT(THE POWER BROKERS)-Bosnia and Hercegovina


PROJECT - The Power Brokers

EFT Prosecution Delayed

Prosecutors at the UK Serious Fraud Office (SFO) are believed to have recommended filing bribery charges against Serbian businessman Vuk Hamovic, but have been denied permission to file those charges for five months, according to a story in the Guardian newspaper.


SFO recommended prosecution, but Lady Patricia Scotland, the UK Attorney General, has delayed approving the prosecution.

Lack of Electricity in Energy-Rich Country

In a country that produces more electricity than it needs, the Đemail family in Sarajevo spent the whole month of last December without electricity. They are not alone. Whole villages in Bosnia-Herzegovina do not have electricity.

The only light Amela, Sanel and Habibia Đemail used to do their homework that month came through a window from a street lamp. The dark month was the third time electricity has been cut off to their home in the last year. Bika Đemail said that her family of six earns 85 KM a month, while the electric bill can be as high as 50 KM.

British, US and Balkan Authorities Look at EFT

Serbian businessman Vuk Hamović has parlayed skill in the complicated world of debt and energy trading into one of the biggest fortunes in Eastern Europe, but investigators in four countries are trying to determine if Hamović and his company Energy Financing Team used something more than business acumen to win so many contracts and earn such a fortune.

The results of two investigations, one in the U.S. and one in Britain, are expected to be announced shortly.

Hamović and his firm Energy Financing Team (EFT) have consistently denied any wrongdoing.

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