At the beginning of last year, Milo\u0161 Medenica sold his unfinished villa in Kra\u0161i\u0107i for 700,000 euros, and data obtained by the MANS Investigative Centre show that son of Vesna Medenica, former President of the Supreme Court, invested only 16,000 euros in the construction, while the rest was financed by Rade Arsi\u0107, a businessman from Tivat.<\/p>\n<\/blockquote>\n
Author: Dejan Milovac<\/p>\n
In mid-2012, the Ministry of Sustainable Development and Tourism (MSDT) issued a building permit allowing Milo\u0161 Medenica, Rade Arsi\u0107, and their business partner \u017deljko Kovini\u0107, to build three tourist villas at the very seashore in the settlement of Kra\u0161i\u0107i, Municipality of Tivat, with a total gross area of around 440 square meters. This permit referred to cadastral parcels owned by Medenica and his partners.<\/p>\n The documentation obtained by the MANS Investigative Centre shows that Milo\u0161 Medenica was introduced to this business by Arsi\u0107 and Kovini\u0107 by selling parts of their plots to him in 2006, with a total area of 160 square meters, which gave Vesna Medenica’s son his place in this investment. Purchase and sale contracts show that Milo\u0161 Medenica paid only 16 thousand euros for these plots.<\/p>\n Contracts on the purchase of plots<\/p><\/div>\n After obtaining a building permit and starting works, Arsi\u0107 and Medenica subsequently concluded an Agreement on joint investment construction in September 2016, which regulated the financing of the construction of Milo\u0161’s villa in Kra\u0161i\u0107i.<\/p>\n Agreement on joint construction<\/p><\/div>\n The contract stipulates that Medenica is going to invest two plots in this business venture, which he previously bought from Arsi\u0107 and Kovini\u0107, while Arsi\u0107’s obligation is to provide funds for the construction of the facility.<\/p>\n With this contract, Arsi\u0107 undertook to bear the costs of drafting the project and paying fees for land development, as well as to obtain all consents and permits. Arsi\u0107’s obligation was also to prepare Milo\u0161’s plots for construction, regulate the connections for electricity, water and sewage network, and bear the complete costs of performing all works.<\/p>\n The construction of one tourist villa, with a total area of 116 square meters, was envisaged on Milo\u0161’s plots, and the agreement on joint construction provided that Arsi\u0107 would receive 75%, and Medenica 25% from the built area. Arsi\u0107 and Medenica agreed that the investment in the construction of the mentioned villa, together with the plots that Milo\u0161 included in the project, amounted to only 69,000 euros.<\/p>\n However, although the contract stipulated that he would receive only a quarter of the built villa, in 2018, with the consent of Arsi\u0107, Milo\u0161 Medenica registered the entire facility. The situation on the ground shows that Arsi\u0107 built a facility that is about 50 square meters larger (167 m2<\/sup>) than the project envisaged, which is why the note “exceeding the building permit” was entered in the real estate sheet.<\/p>\n The value of the gift that Medenica received from Arsi\u0107 in that way was shown at the beginning of 2021, when Milo\u0161 sold his villa to a Turkish citizen for the amount of 700 thousand euros.<\/p>\n![\"\"](\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2022\/06\/Milos-baner.jpg\")
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