Megatrend University: ghost sale or new era?

Mico Jovanovic’s decision to sell the Megatrend University seems to put an end to the controversial saga involving an institution of higher education. However, the whole case has taken a bizarre turn, as some media have raised doubts as to whether the buyer of Megatrend really exists.

The contract on the sale of Megatrend was signed last Thursday and stipulates the sale of the University at the price of 56.1 million euro to the German consortium EFAS, represented by Dejan Djordjevic, who will also be the future interim rector. According to the contract, the buyer acquires 100% ownership of all 12 faculties and undertakes to invest 150 million euro in the University over the next five years.

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Jovanovic, now the former owner and former rector, also accused the makers of the documentary film “Mega Diplomac”, which talks about Serbian Interior Minister, Nebojsa Stefanovic, obtaining a dubious diploma from the Megatrend University, of being the reason for this “five-year media lynch, which led to the number of students enrolled in Megatrend dropping dramatically”. Denying the charges, he announced his departure from Serbia and continuing to live in his villa in Cannes, France, which he allegedly bought 19 years ago.

Meanwhile, the media reported that the management of the company that allegedly took over Megatrend doesn’t have the money to buy it for the simple reason that these people do not exist. A quick online search shows that the photographs of the individual executives from EFAS, which Jovanovic presented, are not them but other people.  

For instance, the online image next to the name of EFAS Vice President, Nicholas Bahmir can also be found on the page of an American university where the same person is a professor and is called Bernard Florival Martins. Also, the same image can be seen on the website of a real estate agency where the person is listed under the name Peter Ruk, a real estate agent.

In response to these allegations, Mica Jovanovic pointed out that he only talked to Dejan Djordjevic from EFAS about the sale and, when asked if EFAS executives were fictitious personalities, he said, “I’m not sure, I can’t say”.

In addition, N1 claims that the sale of Megatrend is fictitious on the grounds that the alleged German consortium of investment funds is neither a consortium, nor an investment fund. N1 goes on to say that  Dejan Djordjevic registered it as a company with minimum capital.

Jovanovic reported that he had doubts about Djordjevic’s role in the business, but was not interested in verifying whether the buyer was actually an investment fund. The media also reported that Djordjevic was at the helm of the Conservative-Reformists Party, which he left 300,000 dinars in debt, which again caused doubts about how he was then able to pay almost 200 million euro for Megatrend.

(Politika, 02.12.2019)

This post is also available in: Italiano

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