Serbia tycoon arrested in fraud probe

2012-12-12 14

Serbia billionaire retail tycoon Miroslav Miskovic has been arrested in Belgrade for fraud. Nine other men, including Miskovic's son Marko, have also been detained.

Estimated to be the country's richest man, Miskovic is suspected of scams worth more than 25.5 million euros.

Miskovic denies any wrongdoing and will be questioned by organised crime prosecutors.
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