Joint Stock Company "JAT Airways"

30 November 2011.
The State Audit Institution completed an audit of financial statements and thecompliance auditfor 2010 of Joint Stock Company"JAT Airways" in Belgrade.

Report on audit of financial statements and the compliance audit of Joint Stock Company "JAT Airways" in 2010 was submitted to the Board of Directors, the National Assembly of Serbia and the Serbian government.

On 9th September 2011, the State Audit Institution filed to the Misdemeanor Court in Belgrade a request for initiating criminal proceedings against the Joint Stock Company "JAT Airways" as a legal entity and the responsible person in the legal entity for violating certain provisions of the Law on Public Procurement and the Law on Assets Owned by the Republic of Serbia.

Also, today the State Audit Institution submittedto the Prosecutionchargesto First Basic Public Prosecutor in Belgrade against "JAT Airways" as a legal person or more persons responsible for the legal entity for violationsof the Law on Accounting and Auditing Law on Payment Transactions and the Regulation on the control and calculation and payment of wages in public enterprises.