Aleksandar Papic Money Laundering Indictment Final
Belgrade's Court of Appeal rejected the defense appeals, so the indictment against Aleksandar Papic for laundering 72 million dinars is final. The Higher Court is to set a trial date.
The Court of Appeal in Belgrade has rejected the defense appeals, making the money laundering indictment against businessman Aleksandar Papic final. According to today’s announcement, the court upheld the Higher Court in Belgrade’s ruling confirming the indictment. A trial date is the next step.
The indictment was filed by the Special Department for Combating Corruption of the Higher Public Prosecutor’s Office in Belgrade, and the Higher Court confirmed it in September 2026. The Court of Appeal’s ruling has now been sent to the Higher Court, which is to set the start of the trial. No date has been announced.
What is Papic accused of?
Papic is charged with continued money laundering, which carries a prison sentence of one to 10 years. According to the indictment, he transferred a total of 72,049,250 dinars in 2022 and 2023 while knowing that the money came from criminal activity. The aim, the indictment states, was to conceal its illegal origin and misrepresent it.
Guilt has not been established. The presumption of innocence applies until a verdict is reached.
Nine cars from Arandjelovac
The Higher Public Prosecutor’s Office said earlier that Papic took over nine luxury cars from the director of the company “Sirb kar” in Arandjelovac, a defendant identified as S. B. According to the prosecution, he then sold the vehicles to third parties, both personally and through intermediaries. A final verdict of the Higher Court in Belgrade establishes that S. B. acquired several passenger vehicles through criminal activity.
The vehicles are:
- Bentley Continental
- Mercedes-Benz A
- Porsche Cayenne
- Audi Q7
- two BMW X5
- Mercedes-Benz GLE 400 d
- Mercedes-Benz GLE Coupe 300 d
- BMW X6 xDrive
Earlier EPS investigation
This is not the first time Papic has been at the center of a judicial proceeding. He was arrested in early February 2025 in an investigation into the siphoning of money from EPS, Serbia’s state power utility, in which he was a suspect along with Milorad Grcic and 13 other people, over damage exceeding one million euros. He was in custody from February 12.
On June 11, 2025, the Court of Appeal modified the May ruling extending his custody and ordered him to remain at home under electronic monitoring. According to the latest available information, Papic has been free of any measures since August 2025. The EPS investigation is ongoing, and no indictment has been filed in it.
The money laundering case now enters the trial phase. The date of the first hearing depends on the decision of the Higher Court in Belgrade.
