-Caveat Lector-

Milosevic killed Stambolic over Swiss stash: Sunday Times

LONDON, Sunday -- Slobodan Milosevic had Ivan Stambolic killed because he
refused to turn over funds from secret Swiss bank accounts, the Sunday Times
reported.

During his time as Serbian president, Stambolic used his control of state
bank Jubmes to engineer vast import-export deals, Serbian investigators told
the Sunday Times.

Jubmes bank financed the deals, but dealt with the huge profits off the
books.

Stambolic was known to be one of the few insiders aware of where Jubmes
stashed the funds, the Sunday Times wrote.

Milosevic toppled Stambolic from the Serbian presidency in 1988.

During the next two years, his regime blew through 15.8 billion Deutschmark
of Yugoslavia's foreign currency reserves, estimated at about 25.4 billion
Deutschmark in 1991.

In the meantime, banking authorities froze most of Yugoslavia's foreign
assets.

Scrabbling for cash before his September defeat, Milosevic pressed Stambolic
to reveal details about the accounts. Foreseeing his own political comeback,
Stambolic refused.

Investigators believe Milosevic ordered his former "mentor" assassinated in
retaliation, the weekly reports.

Stambolic disappeared on August 25 last year while jogging. He is presumed
dead.

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