# Former Serbian Economy Minister Rade Basta Arrested for Corruption Basta faces allegations of misusing public utility funds for sports associations. - **Source:** [Balkan Insight](https://balkaninsight.com) - **Published:** 2026-11-11 - **Topic:** [politics](https://brifing.si/c/politics) - **Original article:** - **On Brifing:** https://brifing.si/s/d4753dee-dbbb-40fe-b10e-249c78d7cf20 ## Arrest of Former Minister Former Serbian Economy Minister Rade Basta was arrested this Tuesday following an investigation by the Higher Public Prosecutor’s Office in Belgrade. Authorities allege that Basta engaged in financial misconduct during his tenure as the director of Beogradske Elektrane, the city's public utility company, between the years 2020 and 2022. ## Allegations of Financial Fraud The prosecutor claims that approximately 120,000 euros were improperly channeled from the public utility company to various sports clubs and associations. Basta, who has not yet publicly addressed these specific allegations, is accused of abusing his official position to facilitate these unauthorized financial transfers during his leadership of the firm. ## Scope of the Investigation The investigation extends beyond the former minister, involving several other key figures. The executive director of Beogradske Elektrane faces charges of aiding and abetting the offense. Additionally, legal representatives of the recipient sports clubs have been charged with money laundering, indicating a coordinated effort to misappropriate public utility funds. ## Political Career Background Basta served as Serbia’s Economy Minister from 2022 to 2023 under the Serbian Progressive Party government. His tenure ended abruptly after he publicly advocated for imposing sanctions on Russia due to the invasion of Ukraine. Following his dismissal, he founded the European Way movement to challenge the ruling party's established policies. ## Party Affiliation Dynamics Initially appointed as a member of the United Serbia party, Basta faced significant internal pressure following his controversial remarks regarding Russia. The party eventually demanded his removal from all government positions. This political fallout highlights the volatile nature of his ministerial tenure and his subsequent shift toward vocal opposition against the government. ## Recent Political Stance Basta recently expressed support for the Serbian Progressive Party's defeat in the latest parliamentary elections. He told Serbian Times that he believes citizens are increasingly rejecting a political climate characterized by fear and institutional control. His arrest occurs shortly after these public criticisms of the current ruling administration's governance style. ## Legal Proceedings Ahead The Higher Public Prosecutor’s Office confirmed that all suspects will be held in custody for up to 48 hours. During this period, they are scheduled to undergo formal questioning regarding the alleged misuse of funds. The legal process will determine the validity of the abuse of office and money laundering charges. ## Context of Public Corruption This case underscores ongoing scrutiny regarding the management of public utility companies in Serbia. By targeting the intersection of state-run enterprises and private associations, the prosecution aims to address systemic financial irregularities. The outcome of this trial may influence public perception of institutional integrity and the accountability of former government officials. ## Sources covering this story - https://balkaninsight.com/2026/11/11/serbian-ex-minister-arrested-for-suspected-abuse-of-office/bi/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._