A Serbian businessman has been placed in custody after authorities alleged he stripped about 380 million euros from a bank vault, a case tied to the failure of Alta Bank and a wave of arrests after the elections. From 2 November, the suspect has been in detention, according to the article, after Narodna banka Srbije revoked Alta Bank’s licence on 30 October, citing a deterioration in the bank’s financial position. Authorities allege the suspect tried to take around 380 million euros out of Alta Bank’s treasury. The accused denied wrongdoing. The article describes the case as part of a broader push against alleged corruption linked to the previous political leadership. A programme director at Transparency Serbia told RSE that money transfers can be quick, while also noting that it can be harder to follow funds once they leave the country. Hapšenja related to Alta Bank’s bankruptcy were carried out on prosecutors’ orders issued after the elections. The article says the same institutions were involved as before, during the period when the state was led by the circle around President Aleksandar Vučić. It also cites an assessment by the European Commission that “inappropriate political pressure” on the judiciary and prosecution has increased in recent years. The latest status is custody for the detained businessman, with the investigation continuing after his alleged 380 million euro case.