"Swisslion Takovo" to leave SL IAT - Drašković gave up projects in Trebinje and Nevesinje

The majority owner of "Swisslion Tool Industry Trebinje" (SL IAT), Rodoljub Drašković, has announced that he started the initiative for cancelation of the contract on privatization of state-owned capital in that company.

Drašković demands from SL IAT to return 17.1m KM that concern "Swisslion Takovo" invested.

Drašković announced that he had given up all the projects related to construction of industrial units for food production in Trebinje and Nevesinje.

He asked from SL IAT to allow him to dispose of the space that had been mortgaged for banking loans worth 6m KM, the banking guarantees for which had been provided by "Swisslion Takovo".

Drassković explained that the decisions had been made because of the "unhealthy social climate in the company that is reflected in both work and realization of new projects".

"Because of the losses that tend to grow, I am not ready to invest capital in such economic ambience", said he.

Drašković has informed the Government of RS on his decision, as well as the Commission for Tender Privatization, the Director General of SL IAT, Bogdan Golić, the Administrative Board of the company, and the mayors of Trebinje and Nevesinje.