OCCRP Weekly News Roundup
The Albanian Supreme Court of charges that he attempted to improperly influence an economy minister over the sale of a hydropower plant. A former Mafioso told a South African paper that . And Bulgarian Interior Minister Tsvetan Tsvetanov denied allegations that Prime Minister Boyko Borisov Konstantin Tsiganov, who is sought by Interpol.
Montenegro Parliamentarian to Investigate Corrupt Telekom Privatization
Andrija Mandic, chairman of his parliament’s committee for monitoring privatization has been asking US and German officials for help determining what went wrong when Montenegro sold its state telecommunications agency to companies in Hungary and Germany.
Mandic held a meeting with parliamentarians and stakeholders in the capital city Podgorica Friday to learn more after two companies, Hungarian Magyar Telekom and its parent company Deutsche Telekom paid US$95 million to the US Securities and Exchange Commission (SEC) Dec. 29, in a settlement acknowledging that they engaged in corrupt practices in Montenegro and another former Yugoslav country, Macedonia.
Because Magyar Telekom is traded on the US stock market, American authorities prosecuted under the US Foreign Corrupt Practices Act.
Mandic is critical of Montenegrin courts: “The work of the domestic judiciary is catastrophic and it is questionable whether [any charges will be filed] in Montenegro,” . “No one from the ruling structure has said anything since this scandal emerged.”