In September 2007, the capital of the agricultural cooperative “Grahovo”, situated in the eponymous town 50 kilometers away from Niksic, was sold under suspicious circumstances to the company “Grahovo Medical Center”, founded by Russian nationals.
The cooperative was sold at an extremely low price, and the buyer became the owner of a valuable real estate under summary procedure. A harmful contract that the cooperative “Grahovo” concluded with the Russian company has not been terminated yet, although the conditions for it were fulfilled long ago. This study will present another one in a series of failed privatization in Montenegro.
Public invitation for asset sale of the cooperative was published in August 2007, and the Herceg Novi based company “Grahovo medical center” submitted the best offer. MANS has no information whether it was the only offer and what the value of the assets of the cooperative in this period was, despite having requested all the information from the Ministry of Agriculture under the Law on Free Access to Information.
According to data from the Central Registry of Business Entities of Montenegro, “Grahovo medical center” was registered on 10 July 2007, i.e. a month before the invitation to tender, and the founders of the company are Russian nationals Ilya Olkov and Artem Lavrishchev. The Executive Director of the company is Zdravko Boskovic, who is also the president of the municipal district Grahovo. The company deals with hotels and similar accommodation.
Complete case study download HERE (PDF)
