Serbians Admit: Milosevic's Money Laundered in Greek Cyprus

[brother]

For the first time, a Serbian official has acknowledged the claims that former Yugoslavian leader Slobodan Milosevic, who was found dead in his cell in last March, had laundered money in Greek Cyprus.

“The Milosevic administration dispatched their money to Greek Cyprus in bags and suitcases,” said former Serbian Minister of Justice Vladan Batic, adding that eight off-shore companies founded with the support of Greek administration leader Tasos Papadopoulos were also made legal.

A total of $4 million was transferred to Greek Cyprus from the said companies, officials had claimed.

A United Nations (UN) investigation conducted in 2002 revealed that the government bought weapons, raw materials, fuel and spare parts to be used in wars in Bosnia and Kosovo.

The first session in the trial of “Andexol Trade Co.” and Greek “Laiki Trapeza”, controlled by the Papadopoulos administration, which the Serbian “Genemp Trading Co.” filed a suit against, began the previous day at the Nicosia Greek Court.

The current leader of the opposition Batic Party gave his statement during the previous day’s session, reported Fileleftheros Daily, a Greek Cyprus newspaper.

Batic informed that the Milosevic administration’s money was delivered to Greek Cyprus in sacks and travel bags.

The Serbian politician noted that while the money was expected to be deposited in the Greek Cyprus branch of “Beogradska”, it was transferred to “Andexol Trade Co.”, which was under the control of the Papadopoulos administration, through “Laiki Trapeza.”

Batic told that during the embargo implemented on Serbia by the UN during 1992-1995, all the money belonging to the state, state owned and private companies and that of certain wealthy individuals was deposited in “Beogradska” bank and that Milosevic had instructed the manager of the bank, Bohra Mucic, to open a new branch of the bank in Greek Cyprus.

Batic also noted that Greek Cyprus Central Bank and Greek customs officials knew of the transfer of these funds to Greek Cyprus; assuming the money was “legal.” The trials have adjourned until June 27.

Article here

http://www.zaman.com/?bl=international&alt=&trh=20060607&hn=33790

[brother]

What does this tell you

[cypezokyli]

i do not understand the sentence : " under the control of papadopoulos administration" .

what was under his control ?

[brother]