Bosnian security chief accused of corruption in weapons sale


Bosnian Minister of Security Selmo Cikotic attends a conference on migration in Sarajevo, Bosnia, Nov. 18, 2021. Bosnia’s security minister has been formally charged with malfeasance and corruption over the irregular sale of weapons and military equipment a decade ago when he held the post of defense minister. The Balkan country’s top court on Wednesday Dec. 8, 2021, confirmed the indictment against Selmo Cikotic. (AP Photo/File)

SARAJEVO, Bosnia-Herzegovina (AP) — Bosnia’s security minister has been formally charged with malfeasance and corruption over the irregular sale of weapons and military equipment a decade ago when he held the post of defense minister.

The Balkan country's top court on Wednesday confirmed the indictment against Selmo Cikotic, charging him of depriving the state of close to 5 million euros ($5.6 million) by changing “in breach of the legally prescribed procedure” the terms of a contract for the sale of surplus outdated weapons and military equipment in order to favor the buyer, the Croatian company SCOUT.

The indictment said Cikotic had done so “without notifying his deputies or members of (Bosnia’s tripartite) presidency.”

Bosnia is considered one of the most corruption-prone countries in Europe, partly because of the complex administrative framework but also because of the country's deep ethnic and political divisions remaining since the country's 1992-95 war.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Featured Articles and Offers

Search Headlines: