Where did Radončić's wealth in Montenegro come from?

Political leader and media magnate from Sarajevo

Fahrudin Radončić, acquired real estate and shares in companies worth more than 11 million KM (5.5 million euros) in two years in Montenegro, according to the Center for Investigative Reporting (CIN).

The value of real estate and formal divorce

This is the value of four luxury apartments in the Porto Montenegro marina in Tivat and a share in Montenegrin Telecom. However, as CIN journalists note, the money from the sale of Avaz-roto press to his ex-wife did not flow into Fahrudin Radončić's accounts to the extent that he could invest millions of dollars in Montenegro. Two and a half years before investing in Montenegro, Fahrudin Radončić, a politician and media magnate, formally''transferred his media empire to his wife Azra, from whom he divorced after nearly two decades of marriage. The assets were divided between the couple, after which Radoncic sold Avaz-roto press to his ex-wife for 200 million KM (100 million euros).

The sale agreement and doubts about stability

"There are a number of economic indicators that suggest this contract is unstable. Our research has shown that this contract was not executed within the stipulated period of three years, meaning that Mr. Radončić was not able to receive even five percent of the agreed price. However, he managed to withdraw the money he needed to invest in Montenegro," says Ažar Kalamujić, a journalist at the Center for Investigative Journalism, who worked on the''this research story.

Investing in Montenegro

After the 2014 elections in Bosnia and Herzegovina, Fahrudin Radončić started buying luxury real estate in the Porto Montenegro marina in Tivat, as well as stakes in Montenegrin Telecom. The properties cost several million KM, and just the maintenance of one of the apartments there costs 3,000 KM (1,500 euros) per month. Radončić bought his first apartment in the Teuta residence, one of the most luxurious residential buildings in "Porto Montenegro", where some of the world's billionaires, such as Canadian billionaire Peter Munk or Briton Simon Murray, have properties.

The debts and involvement of Nathaniel Rothschild

To get about KM8.5 million (€4.25 million) from Avaz, Radoncic''borrowed from banks. ' He got part of the money by borrowing from the Montenegrin banks. It is not known to me from where he repaid the loan from the Montenegrin bank. We are talking about 4.2 million KM (2.1 million euros).