Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. sanctions three Bosnians for allegedly threatening peace, stability

Published 03/15/2023, 12:15 PM
Updated 03/15/2023, 01:20 PM

WASHINGTON (Reuters) - The United States on Wednesday sanctioned three Bosnians, including the former chief of Bosnia and Herzegovina's spy agency, for allegedly undermining democratic institutions and endangering peace and stability in the Western Balkans.

The men "constitute a threat to regional stability, institutional trust, and the aspirations of those seeking democratic governance," Under Secretary of the Treasury Brian Nelson said in a statement.

The statement said that Osman Mehmedagic, the former head of Bosnia and Herzegovina's Intelligence Security Agency, misused the state-owned telecommunications company to benefit the Party of Democratic Action.

The party, which predominantly represents Muslim Bosniaks and is known by the acronym SDA, is led by Bakir Izetbegovic, a former member of the country's tripartite presidency.

Specifically, the Treasury statement said, Mehmedagic collected "cellular activity" on politicians unaffiliated with the SDA and used his "position, threats and connections" to press a coalition of eight other parties to support the SDA.

"There is also credible information that Mehmedagic has collaborated with criminal networks for personal and party enrichment," U.S. Secretary of State Antony Blinken said in a statement. "This activity reflects a larger pattern of behavior by Mehmedagic and SDA to use positions of authority for personal and party gain."

Mehmedagic left his post in February. His whereabouts were not immediately known.

The Treasury statement said Edin Gacanin was designated for leading a criminal cartel involved in drug trafficking "across multiple countries," money-laundering and affiliation with a U.S.-sanctioned transnational crime group.

It called Gacanin "one of the world's most notorious narcotics traffickers." His whereabouts were not immediately known.

Dragan Stankovic, a lieutenant of Milorad Dodik, president of Republika Srpska, the Bosnian Serb-dominated entity, was sanctioned for promoting a law that sought to "usurp" state property in contravention of the national constitution, a court ruling and a 1995 accord that ended a four-year war, the statement said.

© Reuters. FILE PHOTO: An aerial view of Sarajevo, Bosnia and Herzegovina October 13, 2022. REUTERS/Dado Ruvic/File Photo

Stankovic and Dodik did not immediately respond to requests for comment.

Under the designations, any property or interests in property held by the three are blocked and Americans generally are prohibited from doing business with them.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.