Montenegro’s anti-corruption agency said on Wednesday that former President Milo Đukanović failed to declare a collection of luxury watches worth over €200,000, with the case expected to be referred to the public prosecutor.
Dušan Drakić, head of the Agency for the Prevention of Corruption (ASK), said Đukanović submitted incomplete and inaccurate asset reports, omitting movable property valued above €10,000, including the watch collection.
“All public officials are required to declare any movable assets exceeding €10,000 in their annual reports. In this case, four of the seven items clearly exceeded that threshold,” Drakić said, adding that the agency would consult the prosecutor in the coming days.
Đukanović has rejected the agency’s findings, accusing ASK of political bias and falsification of evidence. He said two of the three watches in question were never in his possession and that a third, a Breguet Tourbillon Perpetual Calendar, was acquired in the 1990s, before Montenegro’s anti-corruption and conflict-of-interest laws came into force.
He also challenged the authenticity of photographs used in the agency’s report, alleging they were digitally manipulated to exaggerate the value and ownership of the watches.
“The agency continues with political targeting rather than lawfully fulfilling its constitutional role,” Đukanović said in a statement, calling the investigation “an attempt to stage a political earthquake” against him.
ASK said its findings were based on forensic analysis and the failure to report the assets constitutes a breach of the law. The agency did not provide an immediate comment on Đukanović’s claims of photo manipulation.
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