Bosnia police probe Lithuanian
SARAJEVO, April 2 (Reuters) Police are investigating alleged tax evasion and irregular spending at Canada Goose Online Bosnia canada goose sole alumina plant, majority owned canada goose clearance by troubled Lithuanian lender Ukio Bankas, a police spokeswoman said on Canada Goose Coats On Sale Tuesday.
Ukio Bankas is controlled by Vladimir canada goose uk black friday Romanov, canadian goose jacket owner of cash strapped Scottish Canada Goose sale soccer club Hearts.
The loss making Birac plant, located in the eastern Bosnian town of Zvornik, is struggling to buy canada goose jacket cheap pay canada goose coats on sale off buy canada goose jacket mounting debts.
confiscation canada goose clearance sale of business Canada Goose Outlet documentation is underway, on the orders of the regional prosecutor office to determine if there has been illegal spending of loans from the Investment Development Bank as well as tax canada goose factory sale evasion, said Mirna Soja, a police spokeswoman https://www.thecanadagooseoutlet.com in Bosnia autonomous Serb Republic.
A Birac spokesman said the plant managers were in Lithuania and were expected to arrive uk canada goose outlet in Bosnia on Wednesday, uk canada goose without commenting directly on the allegations.
The Serb Republic Interior cheap Canada Goose Ministry said the government canada goose black friday sale had formed a team on Monday to investigate reports of irregularities at Birac, and the police canada goose uk shop probe was part of their investigation.
The Serb Republic Investment and Development Bank said it had not approved loans to the company, so it was not immediately clear which loans were being investigated.
The company is a major employer in the Zvornik area but recorded a the canada goose outlet loss Canada Goose online of 5.4 million Bosnian cheap canada goose uk marka ($3.5 million) in 2012, bringing total losses over an unspecified number of years to 735.3 million marka, a financial report it published in February on the Banja canada goose store Luka Stock Exchange (BLSE) showed.
Romanov last month blamed problems at Birac on the woes of Lithuania No. 4 bank, Ukio Bankas, whose operations were frozen by the Lithuanian central bank in February, citing too much risk taking and not enough financial Canada Goose Parka certainty.
Romanov has said that Birac problems were due to the loss of current assets at Ukio and that the situation at Birac would improve after Lithuania Siauliu Bankas took over Ukio assets and liabilities. [ID: nL6N0BO1J3]
Romanov canada goose coats has called an assembly of Birac shareholders on April 5, during which a new managing board will be appointed and Canada Goose Jackets tasked with drafting and adopting a new business plan, a company spokesman told Reuters.
Birac, which produces mainly alumina, the intermediate material used to make aluminium, and some zeolites and hydrates used in the chemicals industry, has struggled due to falling prices for aluminium and alumina on world markets and a rise in the price of gas.
Bosnia main gas distributor, BH Gas, cut gas supplies canada goose uk outlet to Birac two weeks ago over a 5 million euro ($6.42 million) debt. (1$=1.527 Bosnian marka) ($1 = 0.7784 euros) (Additional reporting by Gordana Katana in Banja Luka; Editing by Helen Massy Beresford).