Bosnian authorities arrest key suspect in major bank fraud

SARAJEVO, Bosnia-Herzegovina – Bosnian authorities have arrested a key suspect in a banking scam in which nearly 140 million euros ($155.4 million) were embezzled through a now-defunct private bank.

The prosecutor’s office said Tuesday that Darko Jeremic was caught at the border with Serbia after hiding since the end of March, when 10 other suspects were arrested for the Bobar Bank scam.

The 11 are suspects in Bosnia’s most complex organized financial crime case ever involving reckless lending and the illegal issuance of bank guarantees to companies founded by the late Bobar Bank’s owner and other legal entities related to the bank.

Prosecutors said their investigation is nearing an end.