FORMER ECONOMY MINISTER ARRESTED: Rade Basta Suspected of Million-Dinar Embezzlement at Belgrade Power Plants!

Rade Basta has been arrested on the orders of the Higher Public Prosecutor’s Office in Belgrade on suspicion that, while serving as director of “Belgrade Power Plants,” he caused damage to the public utility company amounting to several tens of millions of dinars. According to unofficial information obtained by Newsmax Balkans, the suspected damage was caused by approving unjustified donations to various sports clubs.

According to unofficial information, Rade Basta was arrested at Belgrade’s “Nikola Tesla” Airport.

However, before he could leave Serbia, officers from the Anti-Corruption Service arrested him on the orders of the Higher Public Prosecutor’s Office in Belgrade.

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Basta is suspected of causing damage amounting to tens of millions of dinars to the company while serving as director of “Belgrade Power Plants,” by approving unjustified donations to various sports clubs and companies.

The arrest operation and searches of premises are currently underway, and according to information obtained by Newsmax Balkans, several other people connected to the alleged financial misconduct have also been detained.

As a reminder, Basta also served as Minister of Economy for just eight months, from October 2022 until 2023, when he was dismissed from the position.