economy

April 30, 2026

Farmakom Owner Miroslav Bogićević's Sentence Reduced

The Belgrade Court of Appeals reduced the prison sentence of Miroslav Bogićević, owner of 'Farmakom', by one year, resulting in a final four-year prison sentence for taking loans from the state-owned Privredna banka Beograd that he did not repay. This verdict concluded a trial that lasted almost ten years.

Farmakom Owner Miroslav Bogićević's Sentence Reduced

TL;DR

  • Miroslav Bogićević, owner of Farmakom, received a final sentence of four years in prison.
  • The sentence was reduced by one year by the Belgrade Court of Appeals.
  • The conviction is for taking and not repaying loans from Privredna banka Beograd.
  • The trial concluded after nearly ten years.
  • Former bank officials Miodrag Salai (five years) and Aleksandra Janković (one year house arrest) also had their sentences reduced.
  • Former Farmakom financial director Olivera Đorđević was acquitted.
  • Mitigating factors included efforts to recover loans, personal circumstances, and the time elapsed since the offense.
  • Bogićević was accused of taking loans totaling around 30 million euros.
  • Salai allegedly approved 27 loans for Bogićević's companies.
  • Salai claimed Bogićević became a client on the recommendation of former Prime Minister Mirko Cvetković and that associates of Aleksandar Vučić, including Siniša Mali and Ivica Kojić, advocated for Bogićević.

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