Investigation judge of the Podgorica High Court has accepted €230.000 bail offered by Belgrade resident Milos Cujovic and released him pending further legal action.
This means that Cujovic will be released as soon as the sum is paid into the court deposit. In order to ensure his presence in the further proceedings, he has been banned from leaving the territory of Podgorica and required to check in with relevant state body occasionally.
According to one indictment, Nebojsa Boskovic organized a criminal association with Milos Cujovic. From 1 January to September 2013, while he was remanded in custody, Cujovic used programming skills and introduced himself to foreign bank officers as owner of bank accounts. He instructed bank officers to transfer money from foreign currency accounts opened with foreign banks to foreign currency accounts belonging to several persons. In this way, Boskovic and Cujovic gained €1,446,171.80. Of this sum, €249,425 has been blocked.
Defendant Natasa S. Golovic helped Boskovic and Cujovic in the fraud.
Before judge Vesna Mostrokol, Cujovic said that using a mobile phone while he was in the prison cell and falsely introducing himself, he had taken more than €1m from bank accounts of individuals and companies that were mostly clients of Swiss banks.
He said that he went so far as to arrange lunches with bank officials to advise him on the investment of several million euros that he had allegedly earned from the sale of real estate in Spain. It was one of the ways to achieve close relationship and gain the trust of bank managers. Due to the possible inflow of money, the managers often violated procedures and paid tens of thousands of euros, with the promise to subsequently obtain the necessary documentation.
As Cujovic said, banks with stronger security measures represented a particular challenge to him.
In the second case, Cujovic has been charged with a fraud committed in 2006. According to the indictment, he took over large sums of money from foreign accounts on several occasions, thus costing the banks several million euros. Cujovic pleaded guilty in this case as well.
