Under monitoring

Plinacro and Janaf under finance ministry monitoring

21.03.2013 u 20:00

Bionic
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The Plinacro gas pipeline operator confirmed on Thursday that the Finance Ministry had begun an audit of the company's business, downsizing and austerity measures, while the Janaf oil pipeline operator reported that they had previously agreed to meet with Finance Ministry representatives on Friday.

Earlier in the day, Prime Minister Zoran Milanovic had stated that auditors were sent to Plinacro and Janaf recently, but one of these companies prevented auditors from doing their job. Milanovic however did not say which of these two companies was in question, but underscored that this was a serious breach that would be resolved in the next couple of days.

"I'm talking about some serious matters. I won't tolerate this. Anyone who violates the law will not be spared, not one party, not one president and there is no price I'm not prepared to pay for this", Milanovic told a press conference in the government.

He added that some problems existed with some people who had taken things slightly, yet had an opportunity to head systems that are self-productive.

They are profitable and earn because they don't have any competition and don't have large expenses, he said.

One daily reported today that the Finance Ministry was conducting an audit of 33 companies where the state was a majority owner with the aim of confirming if restructuring plans had been prepared and if available funds were being disposed of legally and rationally.

The Poslovni Dnevnik reported, based on claims of those in the know, that the audit was being conducted after Janaf CEO Dragan Kovacevic refused to submit a report to the government concerning the company's marketing activities, justifying his actions pursuant to Stock Exchange regulations which limit the revelation of business data of companies on the Exchange.