SOURCE: Blic, Bojana Anđelić, Bojana Stamenković; FOTO: FoNet

Radisav Vujacic, representative of the capital at Nitrogen Factory in Pancevo, and also Deputy to ‘Srbijagas’ General Director Dusan Bajatovic, caused damage to that factory of EUR 17.9 millions by concluding damaging contracts, the Anti-corruption Council claims. The basic activity of the factory is production of artificial fertilizers. However, with Vujacic taking the leading post, the factory started dealing with trading with wheat. The chief Vujacic’s clients in that trade were Serbian businessmen Zoran Drakulic, Predrag Rankovic Peconi and Milija Babovic. 

The dealing was carried out in the following manner: the factory buys wheat at certain price and then sells it in order to get fresh money. There would be no problem had the factory not sold the wheat at a price lower than the one at which it bought it. The Anti-corruption Council got the disputable contracts from the employees of the Nitrogen Factory.

The first disputable contract was concluded in February last year with the Republican Property Directorate by which the factory borrowed 50,000 tons of wheat at the price of 12.5 Dinars per kilo. Only few weeks later, the same wheat was sold by the Nitrogen Factory to Inway Co. at the price of 11 Dinars per kilo. In this transaction only, the factory lost EUR 570,000. Business dealing at the damage of the factory does not end here. Unable to return what was borrowed, the factory signed with the Direction for Goods Reserves, with the consent by Serbia Government, an annex to the contract by which the deadline for payment was extended for one year, but at a price higher than originally contracted. According to the Anti-corruption Council in this transaction only, Vujacic caused damage to the factory of about EUR 7.4 millions. This amount does not include the interest and related costs. When difference in purchase-selling price is added, the total damage amounts to EUR 8 millions.

Vujacic continued with the same manner of business dealing a month later. The deal included ‘Victoria Logistics’ and Zoran Drakulic’s ‘Yu Point’. In that transaction the factory lost EUR 2.4 millions. And so on and so forth.

In all contracts ‘Srbijagas’ appears as a guarantor for the Nitrogen Factory. The Anti-corruption Council has not managed to get reply from ‘Srbijagas’ General Director Bajatovic what the interest of ‘Srbijagas’ is to be guarantor for the factory in Pancevo which already owns money to ‘Srbijagas’.

The Anti-corruption Council has request from Serbia Government and other competent institutions to carry out supervision of disputable contracts involving the Nitrogen Factory from Pancevo.