EXPO 2027 (BETAPHOTO/MILAN ILIC)
The Office of Higher Public Prosecutor in Novi Sad reported on Sept. 21 that two people had been arrested on suspicion of tax fraud, tax evasion and money laundering in connection with allegedly fictitious business transactions for the specialized EXPO 2027 exhibition.
The prosecutors suspect that M.N. and A.M., senior managers of A3 Architects Studio based in Indjija, paid a total of RSD 28.7 million to purported suppliers between December 2024 and August 2025 for the preparation of content and designs of EXPO 2027 pavilions.
According to the Office, the work was never carried out and the money was paid on the basis of fictitious invoices, which were used to inflate business expenses and reduce taxable profit, causing a loss to the budget of nearly RSD 8.4 million.
The same senior staff that received the payments are also suspected of laundering the money, while two people remain at large. The prosecutorial office suspects that the money was subsequently transferred using unwarranted cashless transactions to the personal account of one of the suspects in an effort to conceal the origin of the money.
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