NIN cover page Krusik Gim
The private company GIM, owned by Goran Todorovic, which Branko Stefanovic, the father of the Serbian minister of police, represented on several occasions in the capacity of legal or special advisor, earned $4.5 million from just two jobs it contracted with Krusik from Valjevo and Prva Petoletka from Trstenik in 2016, the NIN weekly reported in its Dec. 26 issue.
From the contracts, export licenses and end user certificates for the buyer from December 2016, which NIN gained insight into, "it can be seen that GIM signed contracts with Krusik and Prva Petoletka, worth $7,184,000, and delivered the same weapons to buyers in Saudi Arabia for $12,462,000."
In this way, GIM profited from the price difference in the amount of almost 5.3 million dollars, and additionally charged the five percent commission fee on the sum paid to Krusik ($7.1 million), which is 359,200 dollars, NIN reported.
According to the calculation of NIN, GIM profited around 4.5 million dollars from these deals alone, which it charged as "costs of carrying out of the export deal."
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