Ljiljana Tatic, procurator at TS Imperial Clearing House – We brought gold and diamonds to Serbia since investor trusted us

We have never planned to work in Serbia but from Serbiasince this economy is too small for us. It is true that the capital is in goldand diamonds, more precisely, we have concessions on a few gold and diamondsmines. We brought that capital to Serbia because my ideas and estimationspreviously proved to be good so I got big trust of an investor, Ljiljana Tatic,a procurator of TS Imperial Clearing House, the companywhich is with RSD 184 billion the fourthranked when it comes to capital amount in Serbia although it does not generateprofit or has a single employee. .

Tatic explains that a portion of capital which has been discussed widely isplanned for the purchase of Zlatara Majdanpek, how come the banks did not wantto do business with them as well as about the projects this Cyprus company workson worldwide.

eKapija: In the announcement of your company , you recall theletter to the National Bank of Serbia sent late 2013 containing the fact thatcertain banks illegally closed, i.e. refused to open accounts in Serbia. Sinceyour company has been operating in Serbia since 2010 (according to the Agencyfor Business Registries), I would like to know what happened in the meantime,how you did business from 2010 until 2013.

- The idea was to bring as much property as possible to Serbian company and to operate from Serbia, i.e. not in Serbia but from Serbia and leave fee here or potentially to implement a smaller project in Serbia. A part of the plan was to buy Zlatara Majdanpek. The process of property transfer as well as the process of certification and registering in line with internationally accepted standards is a long and a difficult one. After that, the agencies did the rating and estimation of our property and our instruments. We received the report of KPMG, the office in Switzerland and American D&B which states that our bonds in exchange for some of the currencies are 75% worth of expressed nominal value.