SARAJEVO (Reuters) - Bosnian police arrested 10 people on Thursday suspected of criminal activities which cost the country's banking sector around 123 million Bosnian marka ($71.2 million) or over 10 percent of the central government's budget. Now defunct Bosnian lender Bobar Banka, based in Bosnia's autonomous Serb Republic, was shut late in 2014 after its shareholders failed to come up with a recovery plan after big losses were found. Clients, including major state firms, were at risk of losing some of their 250 million marka in deposits. The police operation was carried out on orders of the state prosecutor in the towns of Banja Luka, Bijeljina and Zvornik, the State Investigation and Protection Agency (SIPA) said in a statement. "The individuals, acting as an organized criminal enterprise, are suspected of committing a series of irregularities in the business operation of the Bobar Banka by extending multi-million loans and illegal collaterals to different businesses," the state prosecutor's office said in a separate statement. The suspects are believed to have made illegal gains in the amount of 123 million marka, which account for more than 10 percent of the overall state institutions' budgets, it added. Problems in the bank, based in the northeastern town of Bijeljina, were reported after its majority owner Gavrilo Bobar, a former Bosnian Serb businessman and member of the region's parliament, died. The suspects mainly extended loans to companies from its owner's business group, also named Bobar and to bank's shareholders, which were late with payments, according to the prosecutor. The Serb Republic banking sector posted a loss of nearly 80 million marka in 2015, down from 28.1 million marka profit in 2014, its worst result in five years, according to the region's banking agency's preliminary data. Tackling the problems in the Serb Republic's banking sector is a key condition set by the International Monetary Fund to resume talks on a new loan arrangement for Bosnia, after its previous loan deal expired in June last year, officials have said. (Reporting by Maja Zuvela; Editing by Daria Sito-Sucic and Jeremy Gaunt)
Christina Bobb's comments on Fox News sounded more like an admission to some of Trump's critics.
Newly unsealed documents from the FBI raid on Mar-a-Lago put Trump in even worse legal peril, experts say
A federal judge on Tuesday unsealed documents that contain new information on the legal woes facing Donald Trump over the Mar-a-Lago search.
- The Root
Previously The Root wrote about how Senate Republicans have no plan to present to the American people as to why they should take control after the midterm elections. Senate Minority Leader Mitch McConnell isn’t helping matters by thinking people still have stimulus money to spend as inflation remains high. With 21 Republican seats up for election, McConnell is facing the hard realization that he may not be getting the Majority title anytime soon.
Ex-official who investigated Hillary Clinton's emails said there would be evidence if Trump declassified documents: 'It can't just be an idea in his head'
"Programs and officials would have been notified," former DOJ official David Laufman said of Trump's claim he declassified all the Mar-a-Lago docs.
- Business Insider
Former Trump aide Stephanie Grisham thinks there's nothing surprising on Mar-a-Lago surveillance tapes: 'I think what we would see is hardworking FBI agents doing their jobs'
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- In The Know by Yahoo
American woman dumbfounded by plate after ordering ‘chips and salsa’ in Italy: ‘I’ll never get over it’
A word to the wise: "Chips and salsa" doesn't mean the same thing everywhere.
The right has used this phrase for others, but doesn't think it should apply to them.
- Chicago Tribune
R. Kelly’s former goddaughter breaks down at his federal trial in Chicago, telling jury he filmed them having sex while she was a minor
CHICAGO — For the first time after two decades of swirling allegations, R. Kelly’s former goddaughter has taken the stand as a prosecution witness in a case against the disgraced singer. Dressed in a white blazer with her hair in long braids, the woman, now 37 and testifying at Kelly’s federal trial in Chicago under the pseudonym “Jane,” told the jury she had sexual contact with Kelly for the ...
- The Daily Beast
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- Chicago Tribune
R. Kelly’s former goddaughter breaks down at his federal trial, telling jury he filmed them having sex while she was a minor
The woman had been testifying for more than four hours Thursday about her clandestine sexual relationship with R&B superstar R. Kelly as an impressionable young teenager when she was asked about one of the central mysteries in the case. Why, after two decades of silence, did she finally decide to come forward and speak out? There was a lengthy, silent pause in the Chicago federal courtroom. ...
- USA TODAY
Frederick Woods, now 70, was 24 when he and two other men kidnapped 26 school children and their bus driver in Northern California and buried them.
This one may not help the former president's case.
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- The Recount
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- ProFootball Talk on NBC Sports
When someone fully and completely embraces a public life, there really are no personal issues. That dynamic is becoming abundantly clear with Buccaneers quarterback Tom Brady. Brady, who has fully embraced and cultivated a platform that has resulted in the aggressive pursuit of multiple business interests, has had his football career plunge into mystery with [more]
- Good Housekeeping
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The clip will help you keep track of the former president's growing number of attorneys.
A San Jose fire captain is grappling with an unthinkable tragedy after all three of his children were killed in a car crash Sunday evening. The children's mother and ex-wife of the firefighter also died in the crash.
I'm a former college teacher. I wish parents would teach their kids these 3 life skills before they're done with high school.
The author taught in college for nine years and shares three things all parents should be teaching their kids before they head out to college.
- The Hill
Jared Kushner says former President Trump instructed his daughter, Ivanka Trump, to set up a meeting with Hillary Clinton following his political foe’s 2016 election loss in an attempt to develop a “cordial relationship.” His father-in-law, Kushner writes in his memoir, “Breaking History,” obtained by ITK and poised to be released on Tuesday, “genuinely wanted…