SERBIAN DIASPORA IN NEW YORK ORGANIZES PROTEST: Vučić’s goal is clear, we will file charges!

The Serbian diaspora in New York has scheduled a protest for August 31 in front of the building where BC Partners is located, after a recording that revealed a plan to weaken N1 television and independent media was leaked to the public. “If the buyer is ready to buy an asset that he wants to destroy, the one selling it is essentially not interested. It is clear that Vučić and Telekom want to buy the asset and overpay for it just to shut it down,” believes Nenad Milanović, the founder of the company Cake.com and one of the organizers of the rally.

As he said while a guest on Dan uživo on N1, for years, by buying B92, Vučić has created a lucrative market and given entrepreneurs a motive – create a medium that is objective, and you will sell it for a lot of money to Telekom Serbia, even though there is, as he said, no financial or investment logic there.

“That created a gold rush where suddenly investing in objective media became a good business for such funds. As a people, we should not have allowed the only objective media in Serbia that can say something against the government to fall into foreign ownership,” he stated.

Because of everything that is happening, as he said, Serbs in the diaspora want to express their dissatisfaction and, as he pointed out, remind investors who “arrogantly dispose of democracy in Serbia that they, as residents in the U.S., will also inform their ‘limited partners about how unethically they are creating value for their shareholders.”

“I don’t think that Fund has political reasons for this, but that it’s a business matter. You buy for money, you have a fund that has an expiration date, and when the deadline starts to approach, you think about how to sell the asset for the best price. Vučić created a lucrative market, and state-owned companies that are ready to pay the most money appear as logical buyers. That is the best exit, return, and the best bonus for the managers of those funds,” Milanović believes.

“Vučić and Telekom want to buy the asset and overpay for it just to shut it down”
“If the buyer is ready to buy an asset that he wants to destroy, the one selling it is essentially not interested. It is not about business, but that the buyer has political goals, and the seller has achieved his financial goals. And that is the biggest element of arrogance, that taxpayers’ money is spent on acquisitions that do not aim to invest and increase capital but only to shut down independent media,” the N1 interlocutor explains.

According to him, it is not up to the fund managers to take care of the moral implications of the transactions as long as they can hide that they are aware of those implications.

“But since they can no longer hide it, it is our duty to inform the shareholders and unlimited partners about the unethical behavior. There are indications that these are also regulatory violations, which is why we will file charges in Britain and the U.S.,” he stated.

“If there is any violation by the fund, it will certainly not go unpunished,” he stated.