To: w molloy who wrote (29586 ) 5/9/1999 11:01:00 PM From: Feathered Propeller Read Replies (2) | Respond to of 152472
Some different food for thought in your discussion....suntimes.co.za Sonny Schoonnaker-London Sun Times May 9,1999YUGOSLAVIA's President Slobodan Milosevic is suspected of setting up a bolt hole in South Africa in anticipation of being forced to make a peace settlement with Nato. While Nato jets pound his country in daily airstrikes, Milosevic has been secretly routing much of his family's wealth to South Africa through business contacts in Cyprus, Israel and Greece, according to a report in The Times of Britain yesterday. The newspaper, quoting unnamed analysts and "strong rumours in Belgrade", said much of the Milosevic family's wealth was already in SA. Milosevic's son, Marko, a blond nightclub owner and black-marketeer, was seen in Johannesburg shortly before Nato's airstrikes began 46 days ago. He was apparently setting up a shelter for his family's fortune. Marko Milosevic, 24, is reportedly one of Yugoslavia's wealthiest businessmen. As well as the nightclub, he owns a radio station and several import-export firms. "Analysts concur that Mr Milosevic is desperate not to lose any of his wealth and is looking at South Africa as a potential bolt hole for when his grip on power finally slips," The Times says. A spokesman for the British Foreign Office said it was not in a position to confirm or deny such a report, but that "it certainly would be consistent with the kind of behaviour which Milosevic and his cronies have shown thus far". Members of the Milosevic family are reported to be millionaires several times over, with wealth coming from a range of sources, including black-market operations selling petrol to Yugoslavia's beleaguered people and the cash sale last year of a $1-billion (R6,1-billion) stake in its telecommunications monopoly to Greek and Italian investors.Milosevic is reported to be coming under pressure to resign from tycoons in Yugoslavia who have helped his family amass its wealth. Foremost among these business allies are the Karic brothers, who are said to have huge banking, construction and oil interests and are key members of Milosevic's inner circle. The brothers built up their empire, which includes Yugoslavia's largest bank, with Milosevic's help in the early '90s, and the erosion of their wealth by the war is seen as a major inducement for them to seek his removal.