Judge Gjin Gjoni
Specifically, Article 41 of the law stipulates that all instruments that are considered to be publicly held owing to the number of shareholders and that were sold as shares by joint stock companies before 31 December 2014 will be considered shares under the Turkish Commercial Code, regardless of the dematerialisation conditions listed
Pavićević was sentenced to one year in prison by the high court for abuse of office while doing business with First Bank (Prva banka) to construct apartments for civil servants. Pavićević used taxpayer money to repay debts to First Bank to complete the construction of apartments for civil servants. He did so without approval from the municipal parliament of Bar.
The former mayor signed a contract on behalf of the municipality guaranteeing the construction of the apartments, even though no institutional obligation existed. The financial damage caused to the city budget amounted to €1.8 million. Interestingly, Pavićević also owned a construction and planning company working on several projects in the city of Bar (see here). As Pavićević has been involved in several corruption cases, it is suspected that he established a scheme that captured local government to benefit selected interests.
Further details
- JURISDICTION/COURT(S)
- Public Finance, Public Office
- LAWS (ALLEGEDLY) BREACHED
- Public Finance, Public Office
- PROSECUTOR
- Public Finance, Public Office
- JUDGE NAME
- Public Finance, Public Office
- DEFENCE COUNSEL
- Public Finance, Public Office
