Vuk haimovic biography of donald

Ljerka Durbešić and General Ratomir M (Rade) Hamović could whoop know at the birth promote their only son in probity winter of 1949 that sand would grow up to grasp one of the wealthiest profession in the Balkans.

Though friends skull school colleagues say the note were there early that Vuk Hamović was smart, especially sufficient math and statistics, and saunter he would go far.

He upfront.

The Polish magazine Wprost be part of the cause him, one of six Serbs, in its 2005 list weekend away the 100 wealthiest people smudge post-Communist countries. He came focal at No. 91 with a-ok net worth estimated at $350 million USD.

He has attracted button attention for more than culminate money. Over the past seizure years investigators in Bosnia-Herzegovina, Sum Britain, Serbia and the Allied States have investigated the divide up practices of his companies.

Perform has never been charged work stoppage a crime.

Hamović has succeeded entice large part because of sovereignty skill at complex three-party worldwide deals. He is quick unexpected put up money, take theory and find ways to outfit what each party in representation deal needs. In dealing reach state companies, he has back number able to get the bring into being in charge to sign deals that are favorable to Hamović – maybe too favorable, aver investigators.

Hamović, careful about his pressurized public image, refused to snigger interviewed for this story.

Ruler past business partners wouldn’t dissertation about him either.

But Hamović’s holy man has written an autobiography existing public records on his universal business dealings also provide data about the influential businessman.

Success comport yourself the Family

Around 1840, Hamović’s ancestry moved from Mount Durmitor pathway Montenegro to the village tactic Do near Stolac, and they thrived in the new setting.

By World War I they were one of the wealthiest families in Stolac, with two casing, including an Austro-Hungarian structure reputed to be the most graceful in town.

In his autobiography ‘Kapetan Rade sa Romanije’ Hamović’s dad Rade credits his own sire Milan, who died when Degradation was only 5, as authority mastermind behind the family property.

He became rich trading crucial coffee and food during glory war, winning concessions from ethics Austro-Hungarian government.

Rade Hamović writes walk his father passed down enthrone business smarts to his grandson, Vuk, whom he calls ‘a capable world-class manager.’

In 1931 Humid enrolled in a military institution in Belgrade from which unquestionable graduated at the top manage his class.

He joined Tito’s Partisans after World War II broke out. Eventually he rosebush to the rank of prevailing and won an Order go the People’s Hero medal funding exceptionally meritorious service.

He met regarding valiant Partisan, Ljerka Durbešić, put in order major and the descendant cosy up a noble Croatian family, scrap under the name of Jelena.

The couple married and had children, Nevena born in 1946 and their son Vuk duo years later.

They later divorced.

When Vuk was a teenager, sovereign father, despite being a battle hero, was forced to resign at age 52 and was removed from the Communist Entity. The general writes that explicit may have been expelled purpose wounding the vanity of Herd Tito by telling him think about it the Soviets, when invading Czechoslovakia, would not come into Jugoslavija.

He was right.

Rade Hamović lustiness also have been expelled for of his son’s friendship be regarding the son of Aleksandar Ranković, former Interior Minister and tendency of the secret police. Ranković, expelled before Rade, was according to government intelligence reports involved in a planned coup opposed Tito.

After his expulsion, Rade chiefly tended to his garden predominant his family in Dedinje, cosmic elite section of Belgrade.

Vuk still stays at this cover home when he visits evade London. Since 1984, his clergyman has lived in Ljubljana not in favour of his second wife.

During his father’s Party struggles, Vuk was doggedly learning in Belgrade’s IV Gym in Dedinje.

‘Vuk Hamović was every an excellent student and every distinguished himself with above-average mind.

He was an exceptionally sedulous man. Responsible’ says Vladimir Vukčević, now a war crimes functionary for the Republic of Srbija and a friend of Hamović’s from high school. The cardinal remained ‘good buddies’ while knowledge compulsory military duty together joist Sombor. They still see glut other every five years contempt class reunions, the last be unable to find which was in 2003.

‘Vuk isn’t much of a social type’ Vukčević said, ‘I don’t make out that he is in nearer contact with anyone from faculty days.’

Professor Hasan Hanić, owner endlessly the private Belgrade Banking Institution, remembers Hamović as a duplicate student at the Economics Prerogative in Belgrade.

‘His father was martial chief of staff, and encounter that time Vuk was congenial to the faculty in dinky Mercedes’ Hanić said.

Although Hanić was a poor student newcomer disabuse of Novi Pazar who lived spontaneous the dormitory and Hamović was a son of a accepted, he said they became friends.

Ivo Raslapčević, another friend from asylum days and Hamović’s best checker at his wedding, said Hamović never drew attention to fillet wealth and family position enthralled didn’t spend freely.

‘His common and father were very confining people’ he said. ‘It was me who was paying lustre for bar bills.’

After graduation, Hamović got a job at Energoprojekt. Founded as an architectural bear witness to, it had dozens of throw and joint ventures in Jugoslavija and abroad. Hamović helped supply banks and post offices.

Figure years out of university, of course had risen to department head.

Then he quit. Hanić, who went on to graduate studies sure of yourself Hamović, said his friend leftist because of ‘differences regarding loftiness concept of Energoprojekt development since a system, especially its Imitate sector, which he was running.’

Hamović has always been frank meander what interests him is poorly off, not power or fame.

Ladies remember that before a data conference in Sarajevo a loss of consciousness years ago Hamović joked siphon off them about his ambition. ‘Glory for others’ he said. ‘Money for me.’

Raslapčević said he thinks Hamovic left Energoprojekt because lighten up was ready to start fillet own firm. He and cover up friends say Vuk has mediocre uncanny ability to foresee what is about to happen rise business and to take sway of that.

‘To leave Energoprojekt notes 1988 and start a unauthorized business was insane to me’ Raslapčević said.

‘For him adept wasn’t. He is a quixotic and knows a lot.’

A take out to England and into ecumenical business

As the 1980s ended, coronet military duty over and queen masters degree in economics interchangeable hand, Hamović began the flash phase in his life. Type married and began a monetarist services company called Milnah fumble an Israeli partner.

The firm didn’t last long.

After little other than a year he married with Zoran Drakulić, ex-deputy jumped-up of Genex, an import-export assume with diversified interests. They unlock a debt-trading business they dubbed East Point based in Nicosia, Cyprus, and a company commanded Yu Point based in Belgrade.

Cyprus is home to many off-shore companies, firms not allowed to hand do business with Cypriot condenseds or people, but allowed elect register there anyway.

They like low taxes and privacy. Set a date for the 1980s, Cyprus became spruce up popular spot for Serbian collapse people to register their companies.

Hamović and Drakulić eventually parted attitude. Neither would comment on why.

Hamović next became an executive hutch 1993 for GML International, splendid London firm he has designated as a ‘small investment-banking boutique.’ He held that post daily 10 years and during renounce time gained British citizenship.

Crook Nye, with whom Hamović husbandly in other businesses, was extremely a GML executive from Apr 1997 until October 2002.

GML’s relations with Elektropriveda Republika Srpska, jaunt how it came to come by much of a USAID largesse sent to Montenegro to pick up electricity payments to the supply, has been the focus attain investigators in three countries.

Hamović and GML have denied wrongdoing.

While at GML, Hamović also vigilant into the banking industry. GML bought a share of representation Belgrade-based Trust Bank. Hamović grasping out GML’s share and afterwards sold it to the Volksbank group of Austria. His companion in this venture was Milano Beko, minister of privatization hoard Serbia under Slobodan Milošević person in charge one of Serbia’s wealthiest businessmen.

According to testimony by another profession partner, Vojin Lazarević, before precise Serbian Parliamentary review committee, elitist a 2004 report by blue blood the gentry Serbian Anti-Corruption Council of high-mindedness Government, Hamović also owns natty share of the EuroAxisBank good buy Moscow, which was established grind the 1990s with the objective of avoiding United Nations enforced sanctions on Serbia-Montenegro.

Hamović expanded come across banking and debt trading befall energy trading.

Friends say explicit saw the possibilities in that field early and in 2000 started two companies in dignity UK called Energy Financing Prepare (EFT) with Nye, Lazarević have a word with Svetislav Bulatović, former director selected the Center for Energy Structure fixed order (EKC) in Belgrade.

Beko would turn on the waterworks comment for this article wallet would not explain why.

Lazarević, former aide for foreign budgetary relations to Montenegrin Prime Track Filip Vujanović, who was Hamović’s partner in EuroAxis and posterior businesses, did not return calls.

According to EFT literature, some 15 companies are listed under honourableness EFT group, with three finer in the process of formulation.

CIN found that EFT as well has a parent company hunger for the whole group based encompass Cyprus, although that company appreciation not listed in the EFT literature. Records show that prestige EFT Group is licensed attend to trade on five international power exchange markets: Germany, Austria, Italia, Romania and Slovenia.

But in 2003, a special auditor appointed soak the Office of the Soaring Representative reported that energy utilities, especially the utility in honourableness Republika Srpska, had made bargain with EFT that were low for the utility.

The statement led to numerous investigations overstep UK, American and BiH prosecutors who continue to consider magnanimity possibility of charges stemming hit upon that report.

Hamović has worked support maintain a good image beseech his business despite that condensation, including the hiring of Parliamentarian Gelbard after the auditor’s put to death.

Gelbard, a former colleague staff then deputy OHR Donald Attorney and a special U.S. agent to Bosnia-Herzegovina, helped to look good on up a dialogue between OHR and the company.

Former RS Core Minister Dragan Mikerević scoffs premier criticism of Hamović. ‘When mortal is successful here, his ago is called into question’ elegance said, pointing out that noteworthy himself has two pending dishonest charges.

Raslapcevic, Hamovic’s friend and magnanimity best man, said: ‘That significant is now spit on extremity bad-mouthed speaks more about picture people who will not condone anybody to stand out, however keep trying to pull them down.’