Milan Radoicic Transfers Stake in Six Firms to Veselinovic Brothers | Beta Briefing

Milan Radoicic Transfers Stake in Six Firms to Veselinovic Brothers

Source: Beta
Archive / News | 11.10.23 | access_time 18:48


Milan Radoicic, the former vice-president of the Serb List, who recently took responsibility for the attack in northern Kosovo, has transferred his stake in six companies to the brothers Zvonko and Zarko Veselinovic, N1 reported on its web-site on Oct. 11.

Until Oct. 6 this year, Radoicic was the co-owner of the INKOP construction company from Cuprija and, through it, of five other companies, together with the Veselinovic brothers.

On being removed from the list of owners of the INKOP company, Radoicic automatically ceased to be the co-owner of five other companies – Dolly Bell New Belgrade (hotels and similar accommodation), Novi Pazar Put (registered as a road construction company), Betonjerka Aleksinac (producer of concrete posts, transformer stations and auxiliaries for the construction and maintenance of electric energy facilities), VelmorTrans Plus Cuprija (registered for the urban and inter-city land transportation of passengers) and Putna Izgradnja Rozaje in Montenegro (the daughter-company of Novi Pazar Put).

In 2022, INKOP and its affiliated companies had the revenue of RSD10.67 billion and net profit of 2.67 billion. After the transfer of ownership, Radoicic’s 40-percent stake was divided between the remaining two owners – the Veselinovic brothers. Thus, Zvonko Veselinovic now owns 60 instead of 40 percent of INKOP, while Zarko Veselinovic’s stake increased from 20 to 40 percent.

Milan Radoicic and Zvonko Veselinovic are once again under public scrutiny over a project with the police and courts, N1 reported. Radoicic and Veselinovic are publicly known as owners of companies in the construction industry, whose profits increased because of government projects being “thrown their way.”  According to claims in the Danas daily, in the past period, their companies worked on projects such as the construction of the motorway segment from Preljina to Pozega and the Iverak-Lajkovac and Pozarevac-Golubac fast highways, despite having been under U.S. sanctions since 2021.

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