Thursday, March 12, 2009

Seychelles Company Implicated in Arms Sale

Khaleej Times Home 
Serbia blocks arms shipment to Libya: minister

12 March 2009
BELGRADE - Serbia has blocked a large arms shipment to Libya because the company that arranged the sale appears on a UN blacklist, a minister said Wednesday.

Economy Minister Mladjan Dinkic said that Serbia’s intelligence service blocked the sale when it discovered which company was involved.

He did not identify the company or its owner, but said the firm was on the UN blacklist for breaking an ban on selling arms to Liberia.

Blic, a Serbian daily, said the shipment, worth 50 million dollars (39 million euros), was being arranged by the Seychelles-based Malvale, a company owned by Serbian businessman Slobodan Tesic.


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