Case Budva: How much money will be repaid?

Special Public Prosecutor’s Office is conducting financial investigations against five companies and 74 individuals related to the multimillion-dollar fraud in the municipalities of Budva, Kotor, Herceg Novi and Podgorica.

According to data SDT provided for the Center for Democratic Transition (CDT), they have blocked a total of 74.778m2 of land belonging to individuals and companies against whom investigation is being conducted.

SDT also “blocked” a yacht, 2.568 m2 of living space, 1003 m2 of office and 149 m2 of garage area.

SDT initiated procedure against 38 individuals and five companies, while the plea agreement in the case of “Budva” was signed by eight individuals and two companies.

Property confiscated from the crime group in this case is estimated at 23.5 million euros.

Total prison sentence for the signatories of the agreement is 11 years and seven months, while the fine amounts to 130 thousand euros.