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The bank, whose majority owner is Momcilo Mandic, a close aide of war-time Bosnian Serb leader Radovan Karadzic, who has been in hiding since the UN war crimes tribunal indicted him for genocide, is liquidated at the recommendation of the bank's temporary manager, Toby Robinson.
There are indications that the bank was used only for financial wrongdoings through which Mandic and his associates accumulated their wealth and for financing war criminals, wanted by the Hague-based UN tribunal.