Prosecutor of the Special Department for Organized Crime, Economic Crime and Corruption of the Prosecutor’s Office of Bosnia and Herzegovina has issued an Indictment against the following person:

-        Milorad Govedarica, born in 1955 in Ljubuški, residing in Pale, a citizen of Bosnia and Herzegovina.  

This accused person is charged, as a President of the Steering Committee of the “Wire Manufacturing Factory” a.d. Novo Goražde /joint-stock company/, with acting, together with other persons, contrary to the provisions of the tax legislation and in violation of the rules regulating the submission of VAT returns and payment of taxes, in the period from 2010 to 2015.

The Indictment alleges that he put into circulation in Bosnia and Herzegovina a large quantity of the manufactured wire amounting to 1 million BAM in value, along with the by-product (production-generated waste), via the aforementioned company, instead of exporting it as planned, thus violating the valid legal provisions, and that he failed to issue a tax invoice or register tax liability in order to evade the payment of value added tax in the amount of BAM 178,704.83, as well as to evade the payment of value added tax in the amount of BAM 113,146,13 based on the determined shortage of goods in the taxpayer’s warehouse.      

The Indictment alleges that, in this manner, the payment of a value added tax in the total amount of BAM 291,850.96 was evaded, which is the amount of the damage caused to the budget of Bosnia and Herzegovina.

This accused person is charged with the commission of the criminal offence of Tax Evasion or Fraud, as referred to in Article 210, paragraph 4 in conjunction with paragraph 1 of the Criminal Code of Bosnia and Herzegovina. 

The Indictment has been forwarded to the Court of Bosnia and Herzegovina for confirmation.