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National Bank shuts down lender with ruling-party ties

The National Bank of Serbia has revoked the operating license of Alta Banka, citing a "significant deterioration" in its financial state. The bank had enjoyed a reputation for political success under owner Davor Macura, but it now faces bankruptcy as the Deposit Insurance Agency is appointed as the administrator. The move turns a spotlight on the bank’s proximity to the ruling SNS party, as investigators explore the links between the institution and government figures.

The Prosecutor's Office for Organized Crime has separately requested the urgent delivery of all documents concerning presidential pardons issued by Aleksandar Vućić. At the same time, reports emerged of shredders and black bags being used to dispose of files at the Ministry of Health and the Pension and Disability Fund.

Student activism is shifting the tone of the state-owned media, while the machinery of election management remains under scrutiny. In recent local contests, student lists won in 22 cities, though the ruling party maintained its traditional strength in the country's prisons.

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Alta Banka's Operating License Revoked

The National Bank of Serbia has revoked the operating license of Alta Banka due to a significant deterioration in its financial condition. The Deposit Insurance Agency will be appointed as the bankruptcy administrator. This action brings renewed attention to the bank's owner, Davor Macura, who has been linked to the Serbian Progressive Party (SNS) and whose business practices have previously drawn scrutiny and allegations of political connections.

Institutional Scrutiny and Allegations of Irregularities

Serbia is reportedly experiencing an increase in arrests, interrogations, and reviews of institutional operations. New allegations include the discovery of listening devices and a camera in a Law Faculty amphitheater, and the destruction of documents in the Pension and Disability Fund and the Ministry of Health. There is also ongoing commentary on the role of media and election manipulation.

Post-Election Landscape and Student Movement Impact

Following the recent parliamentary elections where the 'Student List' gained a majority, analysis continues on the shift in Serbia's political landscape. The student movement's impact on public discourse and media portrayal is being observed, alongside warnings that election manipulation machinery may not be fully dismantled.

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