Yugoslavia All the Party Chief's Men

As the economy sinks, "Agrogate" topples a high official

For more than a month, newspapers in Yugoslavia have been dribbling out the details of the country's biggest financial scandal since World War II. The scam centers on Agrokomerc, a giant food-processing firm that issued up to $400 million in worthless promissory notes to 63 Yugoslav banks. So far eight people, including the firm's president, have been arrested. The scandal, dubbed "Agrogate" by the local press, took a dramatic turn last week. As allegations mounted that he and his family were implicated, Hamdija Pozderac, 63, Yugoslavia's Vice President, abruptly resigned. He had been scheduled to begin a one-year term next May...

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