SARAJEVO, Bosnia (May 23,2008) – Preliminary results within the first monitoring phase show the high risk of corruption in privatization sector, prior to all because of lack of transparency in all phases of the procedure, as it was concluded in the report of the Transparency International in cooperation with the Bosnian Open Society Fund.
Legal framework in Bosnia with 13 different solutions defining these processes and 13 bodies which deal with privatization process, open great possibilities for corruption and conflict of interest.
During last year only, according to analysis and research of the Transparency International, direct damages caused by non-transparent privatization processes, concession issuing and similar public agreements amount to over half a billion Bosnian Marks.
Ignoring the illegalities in the privatization process by prosecution and law enforcement agencies even in media exposed cases opens a suspicion that this is the case of organized crime with deep roots in highest political circles, believes the Transparency International.
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