{"id":221830,"date":"2026-11-11T12:35:03","date_gmt":"2026-11-11T10:35:03","guid":{"rendered":"https:\/\/serbiantimes.info\/en\/?p=221830"},"modified":"2026-11-11T12:35:04","modified_gmt":"2026-11-11T10:35:04","slug":"spc-had-as-many-as-22-accounts-at-alta-banka-four-were-opened-just-a-few-months-before-the-bank-was-shut-down-after-383-million-disappeared","status":"publish","type":"post","link":"https:\/\/serbiantimes.info\/en\/spc-had-as-many-as-22-accounts-at-alta-banka-four-were-opened-just-a-few-months-before-the-bank-was-shut-down-after-383-million-disappeared\/","title":{"rendered":"SPC HAD AS MANY AS 22 ACCOUNTS AT ALTA BANKA: Four were opened just a few months before the bank was shut down, after \u20ac383 million disappeared!"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Macura took \u20ac383 million from <a href=\"https:\/\/serbiantimes.info\/tag\/alta-banka\/?utm_source=chatgpt.com\">Alta Banka<\/a> and was then arrested. The most difficult task of untangling Aleksandar Vu\u010di\u0107\u2019s financial web has fallen to Serbian prosecutors, but investigators in Montenegro and Bosnia and Herzegovina will face no smaller burden, judging by the extensive political and business connections Macura established across the region in a short period of time. The <a href=\"https:\/\/serbiantimes.info\/tag\/spc\/?utm_source=chatgpt.com\">Serbian Orthodox Church (SPC)<\/a> had as many as 22 accounts at Alta Banka, four of them opened just a few months before the bank was shut down.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Davor Macura, owner of Alta Banka, was arrested yesterday in Belgrade after it was established that he had removed more than \u20ac380 million from the bank\u2019s vault over the course of several days. His arrest was preceded by searches of the bank and his home that lasted almost 40 hours. The collapse of Alta Banka came after the parliamentary elections in Serbia on October 25, in which Aleksandar Vu\u010di\u0107, an unchallenged autocrat who had held power for decades, lost control of the government. During Vu\u010di\u0107\u2019s rule, Macura went from owning a modest currency exchange office to becoming the owner of a bank, several major companies in Serbia and the region, and real estate properties&#8230; Alta Banka received huge state contracts without tenders, such as the exclusive arrangement for paying electricity bills through that bank, as well as contracts with Belgrade\u2019s Parking Servis. Meanwhile, Serbian institutions never responded to numerous pieces of evidence of obvious state and political patronage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">M portal has written on several occasions about Alta Banka and Davor Macura, his ties to regional businessmen, the Montenegrin government and local companies. Credit arrangements that Alta Banka negotiated with Lu\u0161tica Development under extremely unfavourable terms, with mandatory approval from the Montenegrin government, which owns almost 13 percent of the luxury resort; the licence to provide payment services; plans to take over Addiko Bank branches before officially obtaining a banking licence; and Davor Macura\u2019s personal connections \u2014 none of this would have been possible without political patronage from the authorities in Montenegro, which in turn involved Aleksandar Vu\u010di\u0107\u2019s political backing of Montenegro\u2019s ruling structures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nor would Alta Pay Group have been able to operate in the Bosnia and Herzegovina entity of Republika Srpska without the political patronage of Milorad Dodik. It was Alta Banka that provided a \u20ac22 million loan to the Republika Srpska government in February this year to repay a debt to a local private company. Macura also provided financing to the Jahorina Ski Centre while it was headed by Dejan Ljevnai\u0107, a former BIA agent and another figure from Vu\u010di\u0107\u2019s circle of influential associates. After Jahorina, which he left burdened with debts of tens of millions of euros, Ljevnai\u0107 went on to become one of the directors at the Lu\u0161tica resort, as M portal also reported in June this year. Ljevnai\u0107 was still among Lu\u0161tica\u2019s management when Milojko Spaji\u0107\u2019s government approved Lu\u0161tica Development\u2019s borrowing from Alta Banka. Only after the government withdrew its approval did news emerge that Ljevnai\u0107 had been dismissed from the resort.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Special State Prosecutor\u2019s Office and the Basic State Prosecutor\u2019s Office in Kotor have had anonymous criminal complaints against responsible persons at Lu\u0161tica Development before them for months, concerning the company\u2019s credit arrangements with Alta Banka, as we reported yesterday. The complaints were filed long before Prime Minister Milojko Spaji\u0107 began publicly speaking about hybrid threats, and even before his first approval \u2014 followed by the subsequent withdrawal of approval \u2014 for Lu\u0161tica to borrow another \u20ac15 million from Alta Banka, secured by a mortgage on the marina and promenade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On April 17 this year, the NGO MANS asked the Supreme State Prosecutor\u2019s Office for copies of documents and records showing how prosecutors had handled anonymous criminal complaints concerning Lu\u0161tica Development and employees of the company. MANS also requested information about the actions taken, the status of the complaints and the \u201cpersons covered\u201d by the proceedings from state institutions. However, the Supreme State Prosecutor\u2019s Office forwarded the request to the Special State Prosecutor\u2019s Office, which then passed it on to the Basic State Prosecutor\u2019s Office. Both institutions refused to respond to MANS\u2019s request for free access to information.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In its decision rejecting access, the Special State Prosecutor\u2019s Office stated that proceedings in case Ktr-S 577\/25 had \u201cnot been concluded\u201d and that it had \u201cestablished that it possesses the requested information\u201d. In its decision rejecting access, the Basic State Prosecutor\u2019s Office in Kotor said that disclosure would reveal \u201cwhether a case has been opened against the named person or not\u201d. Unofficially, the criminal complaints concern reasonable suspicion that a series of economic crimes were committed in an organised manner, including document forgery and the presentation of false balance sheets and false business information. They also mention that the interest rate on loans from Davor Macura\u2019s Alta Banka reached an astonishing 11 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The responses from the Special State Prosecutor\u2019s Office and the Basic State Prosecutor\u2019s Office in Kotor could suggest that certain actions have already been taken in connection with the anonymous criminal complaints, but that details cannot be disclosed in the interests of the investigation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lu\u0161tica Development opened two business accounts at Alta Banka \u2014 one foreign-currency account and one dinar account \u2014 on September 13, 2022, the same day Alta Banka approved its first long-term loan, worth \u20ac8.3 million. Lu\u0161tica received approval for the loan from the Montenegrin government, which was then headed by Dritan Abazovi\u0107, and a first-ranking mortgage was placed on two buildings at The Chedi Lu\u0161tica Bay hotel. The cadastral information cited in the government document states that these were Building 1 on cadastral plot 1117\/184 (a footprint of 1,405 square metres, three above-ground floors, 48 separate units \u2014 31 parking spaces, eight non-residential units, three technical rooms and six commercial tourism premises, with a total area of 2,959 square metres) and Building 1 on cadastral plot 1117\/21 (a footprint of 2,208 square metres, with a basement, ground floor and 15 upper floors, 49 separate units, with a total area of 3,411 square metres). Both are registered in property deed No. 732, cadastral municipality of Radovi\u0107i, Municipality of Tivat.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-serbiantimes-info wp-block-embed-serbiantimes-info\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ul9uUVDifQ\"><a href=\"https:\/\/serbiantimes.info\/serbian-times-otkriva-pored-velelepne-vile-i-imanja-u-surduku-direktor-srbijavoda-goran-puzovic-ima-jos-minimum-4-stana-u-beogradu\/\">SERBIAN TIMES OTKRIVA: Pored velelepne vile i imanja u Surduku, direktor Srbijavoda Goran Puzovi\u0107 ima jo\u0161 minimum 4 stana u Beogradu!<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201eSERBIAN TIMES OTKRIVA: Pored velelepne vile i imanja u Surduku, direktor Srbijavoda Goran Puzovi\u0107 ima jo\u0161 minimum 4 stana u Beogradu!\u201c \u2014 Serbiantimes.info\" src=\"https:\/\/serbiantimes.info\/serbian-times-otkriva-pored-velelepne-vile-i-imanja-u-surduku-direktor-srbijavoda-goran-puzovic-ima-jos-minimum-4-stana-u-beogradu\/embed\/#?secret=QHwuGBHyH3#?secret=ul9uUVDifQ\" data-secret=\"ul9uUVDifQ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">At the end of December 2023, Lu\u0161tica signed a new medium-term agreement with Alta Banka for \u20ac3.5 million in permanent working capital for the Lu\u0161tica Bay project, with a repayment period of 36 months, including a 12-month grace period. Since the same Chedi buildings were already encumbered by a first-ranking mortgage from 2022, a second-ranking mortgage on the same property was requested for this second loan. On February 8, 2024, the Office of the Protector of Property and Legal Interests confirmed that this was not unlawful, while explicitly noting that the property was already encumbered by a first-ranking mortgage in favour of the same lender.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Just one month later, on January 23, 2024, Alta Pay Group, the company that owns Alta Banka, received a decision and licence from the Central Bank of Montenegro to provide payment services in Montenegro.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another government document, from April 2025, shows that Lu\u0161tica Bay and the Montenegrin government decided to refinance the loans from Alta Banka \u2014 the \u20ac8.3 million loan from 2022 and the \u20ac3.5 million loan from 2023\/24 \u2014 together through CKB Bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In June 2026, Milojko Spaji\u0107\u2019s government, at a telephone session, gave Lu\u0161tica approval to pledge the marina and promenade (plot 1117\/2, Radovi\u0107i), state-owned land of almost immeasurable value, in favour of Alta Banka as security for a new \u20ac15 million loan. Exactly one month later, the government withdrew its approval without providing an explanation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside the Serbian state-owned Postal Savings Bank, Alta Banka was the only bank operating in Serbia that conducted business with Russia and accepted the Russian rouble as a means of payment. Other banks, whose capital was predominantly foreign, complied with the sanctions imposed on Russia by the EU over its aggression against Ukraine. As a result, Alta Banka was effectively the only banking channel in the region through which sanctions could be circumvented, provided that individuals and companies opened accounts there as non-residents and foreign entities. Russia was excluded from the global SWIFT payment system on February 26, 2022, six months before Lu\u0161tica Development entered into its first credit arrangement with Alta Banka and opened its accounts there.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two existing accounts belonging to Lu\u0161tica Development were active on November 1 in the National Bank of Serbia\u2019s public database, under NBS number 30244740, which had been assigned to the company as a foreign entity, despite the fact that Lu\u0161tica currently has no active credit arrangements with Alta Banka. However, on November 3, there was not a single account belonging to any client linked to Alta Banka in the same database. Alta Banka was most likely removed from the database following the revocation of its licence, the initiation of bankruptcy proceedings and the looting that led to Macura\u2019s arrest along with two associates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Research conducted by M portal before Alta Banka was removed from the National Bank of Serbia\u2019s public database revealed that one of the largest clients of the now-closed and looted bank was the Serbian Orthodox Church.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/serbiantimes.info\/wp-content\/uploads\/sites\/2\/2026\/11\/blob-1024x349.jpg?utm_source=chatgpt.com\">image<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/serbiantimes.info\/wp-content\/uploads\/sites\/2\/2026\/11\/banka-1024x163.jpg?utm_source=chatgpt.com\">image<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An analysis of the data shows that the Serbian Orthodox Church had 22 accounts at Alta Banka, only two of which had been opened back when the bank was still operating as JUBMES Bank, before Macura bought it and changed its name. Within Serbia\u2019s banking system, the SPC has hundreds of accounts at various banks, held by different account holders. These include all levels of the Church\u2019s structure, from the Holy Synod and dioceses to individual churches and monasteries, centres, endowments and other institutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From Montenegro\u2019s perspective, it is interesting that the Diocese of Budimlje and Nik\u0161i\u0107, also referred to as the Metropolitanate of Budimlje and Nik\u0161i\u0107, headed today by Metropolitan Metodije, also had accounts at the bank. The accounts at Alta Banka and AIK Bank held in the name of the Diocese of Budimlje and Nik\u0161i\u0107 were opened on March 29, 2025, and Metodije was appointed to head the metropolitanate and given the title of metropolitan just a few months later. The NBS database currently contains records only of the Diocese of Budimlje and Nik\u0161i\u0107\u2019s accounts at AIK Bank. There is no record of the Metropolitanate of Montenegro and the Littoral holding accounts at any Serbian bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">National Bank of Serbia data on the accounts of the Diocese of Budimlje and Nik\u0161i\u0107 show that it is registered at 5 Kralja Petra Street in Belgrade, the same address as the Serbian Orthodox Church Patriarchate. The Patriarchate itself opened as many as four accounts at the bank just four months before it was shut down.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#e03838\" class=\"has-inline-color\">MORE TOPICS:<\/mark><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/serbiantimes.info\/en\/zoc-celebrates-the-students-victory-im-happy-with-the-election-results-in-serbia-and-i-wish-young-people-all-the-best-video\/\" target=\"_blank\" rel=\"noopener\"><strong>\u017dOC CELEBRATES THE STUDENTS\u2019 VICTORY: \u201cI\u2019m happy with the election results in Serbia, and I wish young people all the best!\u201d (VIDEO)<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/serbiantimes.info\/en\/behind-bars-vucic-has-his-strongest-support-his-list-won-more-than-65-percent-of-the-vote-in-prisons\/\" target=\"_blank\" rel=\"noopener\"><strong>BEHIND BARS, VU\u010cI\u0106 HAS HIS STRONGEST SUPPORT: His list won more than 65 percent of the vote in prisons!<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/serbiantimes.info\/en\/a-victory-resonating-far-beyond-serbias-borders-swedish-prime-minister-congratulates-the-students-saying-it-is-time-for-democracy-and-the-fight-against-corruption\/\" target=\"_blank\" rel=\"noopener\"><strong>A VICTORY RESONATING FAR BEYOND SERBIA\u2019S BORDERS: Swedish prime minister congratulates the students, saying: \u201cIt is time for democracy and the fight against corruption!\u201d<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/serbiantimes.info\/en\/where-has-rem-been-all-this-time-dubravka-valic-nedeljkovic-announces-debate-on-informer-and-hundreds-of-complaints-that-have-been-waiting-for-years\/\" target=\"_blank\" rel=\"noopener\"><strong>WHERE HAS REM BEEN ALL THIS TIME?! Dubravka Vali\u0107 Nedeljkovi\u0107 announces debate on Informer and hundreds of complaints that have been waiting for years!<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:<\/strong> <a href=\"https:\/\/www.mportal.me\/drustvo\/hronika\/macurin-trougao-beograd---banja-luka---podgorica?fbclid=IwY2xjawVfJARleHRuA2FlbQIxMQBwZG9mAWJyaWQRMWRQUkJPVFZzdmdkT2tMZGNzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEfdT6WJXbrps9hs5AfWApku3HtOquAnp4-bgBhZDdCF7C2u77Ovz-UljXpXjk_aem_c4R6OgKqHUHiUsogYOrrOg\">Mportal.me<\/a>, <strong>Foto:<\/strong> ATA Images \/ Milan Mari\u010di\u0107; Promo<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macura took \u20ac383 million from Alta Banka and was then arrested. The most difficult task of untangling Aleksandar Vu\u010di\u0107\u2019s financial web has fallen to Serbian prosecutors, but investigators in Montenegro and Bosnia and Herzegovina will face no smaller burden, judging by the extensive political and business connections Macura established across the region in a short [&hellip;]<\/p>\n","protected":false},"author":2169,"featured_media":221833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":""},"categories":[7],"tags":[14657,14682,399,14856,401,113,14857],"class_list":["post-221830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-serbia","tag-alta-banka","tag-davor-macura","tag-patrijarh-porfirije","tag-racuni-2","tag-spc","tag-srbija","tag-srpska-pravoslavna-crkav","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"Macura took \u20ac383 million from Alta Banka and was then arrested. The most difficult task of untangling Aleksandar Vu\u010di\u0107\u2019s financial web has fallen to Serbian prosecutors, but investigators in Montenegro and Bosnia and Herzegovina will face no smaller burden, judging by the extensive political and business connections Macura established across the region in a short\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Serbian Times\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/serbiantimes.info\/en\/spc-had-as-many-as-22-accounts-at-alta-banka-four-were-opened-just-a-few-months-before-the-bank-was-shut-down-after-383-million-disappeared\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.4\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Serbiantimes.info EN |\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"SPC HAD AS MANY AS 22 ACCOUNTS AT ALTA BANKA: Four were opened just a few months before the bank was shut down, after \u20ac383 million disappeared! | Serbiantimes.info EN\" \/>\n\t\t<meta property=\"og:description\" content=\"Macura took \u20ac383 million from Alta Banka and was then arrested. The most difficult task of untangling Aleksandar Vu\u010di\u0107\u2019s financial web has fallen to Serbian prosecutors, but investigators in Montenegro and Bosnia and Herzegovina will face no smaller burden, judging by the extensive political and business connections Macura established across the region in a short\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/serbiantimes.info\/en\/spc-had-as-many-as-22-accounts-at-alta-banka-four-were-opened-just-a-few-months-before-the-bank-was-shut-down-after-383-million-disappeared\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/serbiantimes.info\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/DIPTIH-TRIPTIH-Serbian-Times-16-2.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/serbiantimes.info\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/DIPTIH-TRIPTIH-Serbian-Times-16-2.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"2100\" \/>\n\t\t<meta property=\"og:image:height\" content=\"1313\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-11-11T10:35:03+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-11-11T10:35:04+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"SPC HAD AS MANY AS 22 ACCOUNTS AT ALTA BANKA: Four were opened just a few months before the bank was shut down, after \u20ac383 million disappeared! | Serbiantimes.info EN\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Macura took \u20ac383 million from Alta Banka and was then arrested. The most difficult task of untangling Aleksandar Vu\u010di\u0107\u2019s financial web has fallen to Serbian prosecutors, but investigators in Montenegro and Bosnia and Herzegovina will face no smaller burden, judging by the extensive political and business connections Macura established across the region in a short\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/serbiantimes.info\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/DIPTIH-TRIPTIH-Serbian-Times-16-2.jpg\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/serbiantimes.info\\\/en\\\/spc-had-as-many-as-22-accounts-at-alta-banka-four-were-opened-just-a-few-months-before-the-bank-was-shut-down-after-383-million-disappeared\\\/#blogposting\",\"name\":\"SPC HAD AS MANY AS 22 ACCOUNTS AT ALTA BANKA: Four were opened just a few months before the bank was shut down, after \\u20ac383 million 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