N1SRP — broadcast 20261102 120000 UTC 526 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] actions in this bank have been suspended, some clients told [00:00:03] the new magazine that they could not [00:00:06] withdraw money since Saturday. This weekend it was said that payments would start, [00:00:10] deposits up to 50, [00:00:13] 50,000 euros will start to be paid out, but the Efektiva association says that [00:00:17] the bank will not be able to pay out any deposits. [00:00:21] Nenad Nesic is following this story. Nenad, what is the latest [00:00:24] information regarding the arrest of Davor Macura, as well [00:00:27] as the events surrounding Alta Bank? [00:00:33] Well, Tanja, the Ministry of Internal Affairs has not yet officially commented on [00:00:36] the arrest of Davor Macura, the owner of Alta Bank and [00:00:39] a businessman close to the Serbian Progressive Party. So, we are still [00:00:43] referring to these media sources, primarily the Nova [00:00:47] RS portal, that he was actually detained last night. [00:00:50] So, that's the, let's say, latest information. [00:00:54] Among that information there is another one, which concerns the reaction [00:00:58] of the police, or the Ministry of Internal Affairs, which for some 30 hours [00:01:01] searched the premises of Alta Bank. So, these are so far [00:01:05] the only information we have. We know that the [00:01:08] whole story was in a way opened on Tuesday, October 27th, [00:01:12] after the elections, when the Prosecutor's Office for Organized [00:01:15] Crime requested from [00:01:18] latest, it will be necessary to work on the National Bank of Serbia information regarding the transfer of money from Alta Bank [00:01:22] abroad. So, we can assume that this [00:01:26] arrest came at the order of the Prosecutor's Office for Organized Crime, but that is, of course, [00:01:30] just an assumption. At this moment, N1 television is trying [00:01:33] to find out whether it was actually done at [00:01:37] the order of, this prosecutor's office. These are some [00:01:40] basic information regarding the arrest itself. As for the situation in front of [00:01:44] Alta Bank, what we can see, Tanja, at this moment, [00:01:47] the police are still here with long guns, in a significantly [00:01:51] smaller number than it was on Saturday when [00:01:54] the operating license of this bank was revoked, but they are still present here. [00:01:58] The bank, of course, is closed. And what is interesting, our [00:02:03] essentially frozen, and they will return, experience just before the broadcast was a Russian citizen who, when he saw [00:02:07] the camera, the microphone, approached us here. The man actually came to [00:02:10] withdraw his deposit, so we explained to him that at this [00:02:14] moment the bank is operating, he says it's not a large sum of [00:02:18] money, but he doesn't understand what he needs to do and how to get [00:02:21] his money. We know that Alta Bank is one of the few [00:02:25] that decided, if I can put it that way, decided, in quotation marks, [00:02:29] to accept money... both Russian, Russian citizens, both [00:02:32] individuals and legal entities. Just [00:02:35] to tie into that deposit of up to 50,000 euros, [00:02:39] as you mentioned in the announcement, that [00:02:42] is now a process that will, of course, take time. The most important thing to say, [00:02:46] that's what they're saying from Efektiva, there's no [00:02:48] need for citizens to come to Alta Bank addresses, [00:02:52] simply the bank is operating, as of today it is in bankruptcy and they won't be able [00:02:56] to withdraw money here. So now everything is transferred to the Deposit Insurance [00:02:59] Agency. It is responsible for paying all citizens, or [00:03:03] all persons who had money in this bank, that [00:03:07] deposit of up to 50,000 euros. How will the agency [00:03:10] do that? Well, through some other bank. So, we have to wait for a certain [00:03:14] amount of time for the Deposit Insurance Agency to announce which [00:03:18] bank it will be, so through which bank the payment of that [00:03:21] money will go. And what about those who have more than 50,000 [00:03:24] euros in their account? They will definitely have to wait for that [00:03:28] money, although numerous experts warn, given [00:03:32] the situation in Alta Bank, that it will probably be necessary, I repeat, [00:03:35] conditionally speaking, in quotation marks, assistance from the republican [00:03:39] budget to compensate that money. So, that's [00:03:42] the current situation regarding Alta Bank. Of course, the big [00:03:46] and open question of the National Bank of Serbia's reaction [00:03:49] remains: did the NBS know much earlier about [00:03:53] what was happening in this bank, how was that, I'll say [00:03:57] it layman's terms, bad financial management, money [00:04:00] extraction, only noticed after the elections? Did [00:04:03] Governor Jorgovanka Tabaković knowingly allow [00:04:07] Davor Macura to take money out of the bank abroad? [00:04:10] Was the reaction of the National Bank of Serbia late, and were the vice-governors, [00:04:14] all four of them, who reacted with a statement, [00:04:17] after which the license to operate this bank was revoked, were [00:04:21] they also aware earlier of the true state of affairs in this [00:04:25] bank, or did they truly not know? So, these are some questions that [00:04:28] will probably, in the coming period, have to be answered. [00:04:32] And finally, Tanja, I will also briefly [00:04:35] comment on the statement of the former President of the country, [00:04:39] Aleksandar Vučić. We know very well that everything was always clear to him, [00:04:42] that he commented on every [00:04:45] situation from every sphere. [00:04:48] the bank itself Now, regarding Alta Bank, last night, his comment [00:04:50] was that nothing was clear to him, or that the situation here, as he [00:04:54] said, is very complex and that he did not fully understand [00:04:57] what it was about when the bank case is in question. [00:05:01] Tanja, thank you Nenad, Nenad Nešić [00:05:05] is following the situation with Alta Bank today, and [00:05:08] things are becoming clearer and clearer. Davor Macura, [00:05:11] a businessman close to the Serbian Progressive Party and owner of Alta [00:05:14] Bank, which has been declared bankrupt, has been ordered [00:05:18] to be detained by the Public Prosecutor's Office for [00:05:21] Organized Crime, Nova RS learns. This information [00:05:25] was confirmed to Nova by the Spaković law [00:05:28] office, which represents Macura. According to Nova's information, [00:05:32] Macura was brought in this morning after a search of Alta [00:05:35] Bank and the premises he used was carried out. The search has been going on since [00:05:39] Saturday, by order of the Public Prosecutor's Office for Organized Crime. [00:05:42] Macura was served with a detention order this morning [00:05:45] for up to 48 hours, and [00:05:49] I repeat, this was confirmed to our colleagues from Nova by the Spahović office [00:05:52] which represents Macura. We [00:05:55] continue to deal with this topic, as you know, on [00:05:59] Saturday at 2:25 AM, the National Bank [00:06:02] of Serbia announced that it had revoked Alta [00:06:05] Bank's operating license. The collapse of Alta Bank has raised questions about the fate [00:06:09] of citizens' money, public enterprises, and also [00:06:13] the question of why the National Bank did not react earlier. I am discussing [00:06:16] all of this with Goran Radosavljević, [00:06:20] professor at FEFA. Good day, thank you for being here. Good day. Well, when [00:06:23] we arranged this appearance, we didn't expect things to [00:06:26] develop at this speed. Let's maybe start with this [00:06:30] latest information, that the owner of Alta [00:06:33] Bank, according to the information we have, [00:06:36] has been arrested and ordered to be detained for 48 [00:06:39] hours. Yes, I remember I told you that by Monday, it might not even [00:06:43] be a topic, given how fast the news is moving. Well, that was [00:06:47] somewhat expected, given that the course of events was [00:06:51] such that it was suspected that the bank was taking out large amounts of money, [00:06:55] which probably affected the [00:06:59] revocation of the bank's operating license. What [00:07:02] we would now first expect from the National Bank is to issue [00:07:05] a detailed statement about the sequence of steps, at what moment [00:07:09] they noticed that the bank needed to have its license revoked, and what they were [00:07:13] doing at that moment, what steps they took, what they prepared, what they plan to do next. [00:07:17] We don't know that yet, except that I [00:07:21] remember it was shared on social media that night that the lights were on [00:07:24] in the National Bank building, strange at midnight, which later [00:07:28] turned out that something was being done, and the fact that at 3:00 AM [00:07:31] a decision to revoke the license [00:07:34] comes, and a statement from the vice-governors [00:07:38] something later, which somehow distances itself [00:07:41] from the governor, let's say. You know, you can distance yourself from [00:07:45] whoever you want, but if you were a vice-governor in charge of bank control, that was your [00:07:49] job. If you didn't do it properly, you'll have to explain to someone why you didn't, [00:07:52] you, the governor, and many, many others. What [00:07:56] is the key question now is at what moment they found out that there was [00:07:59] a problem and what they did at that moment. It's not [00:08:02] unusual for me that it happened at midnight, even though it might seem unusual [00:08:05] to citizens now, like in a movie, yes, but in essence, they started [00:08:09] preparing it in the afternoon. So, the decision to [00:08:13] revoke the license was preceded by some other decisions [00:08:16] and some other sessions. This was probably done, I assume, to give [00:08:20] legal entities that had payment traffic through the bank during the [00:08:24] weekend time to redirect payment traffic to some other place, which happened. [00:08:27] The payment system reacted immediately the next day, and some other legal entities. [00:08:31] So it's not something unusual, it seems to me that something similar was done when it was [00:08:35] Agrobank, if I remember correctly. So now it's necessary first for [00:08:39] the National Bank to say what it was doing [00:08:42] or not doing. The next thing is to come out with a clear [00:08:46] analysis of the bank's portfolio. So, [00:08:50] how many deposits, how many insured, how many uninsured deposits of citizens, how many [00:08:53] deposits of the economy, how many deposits of public enterprises, budget [00:08:57] funds, and so on, so that it can be simply assessed how much is at risk [00:09:01] of something bad happening. After that, the Deposit Insurance [00:09:04] Agency needs to plan what to do next. As far as I understand, bankruptcy [00:09:08] has not yet been formally initiated, because the court needs to make [00:09:12] a decision on that. At least, according to the last information I saw, and it's probably waiting [00:09:15] a bit for some next steps to be prepared, because then only after [00:09:19] that can citizens, after that the agency [00:09:22] will come out with information about when and in what [00:09:25] way citizens can withdraw their insured deposits. It shouldn't be a problem, [00:09:29] given that the agency currently has significant [00:09:32] funds, if I remember correctly, over a billion, a billion euros, or [00:09:35] some 3-400 million, 1.4 [00:09:38] billion in funds, which are probably sufficient to cover insured deposits [00:09:42] in this bank, so there are no problems from that side, but it's important to see [00:09:46] the state of the bank, of course, what the [00:09:49] bank has, what the deposits in the bank are, what the bank's assets are, and [00:09:53] what can be recovered in the bankruptcy process and what [00:09:56] probably won't. Now, let's turn to [00:10:00] and the way it operated. A moment ago we were talking to [00:10:04] our colleague Milan Ćulibrk, he reminded us of the meteoric [00:10:07] success of Mr. Macura, from a simple employee to [00:10:11] a financial empire. But let's see what Alta [00:10:15] Bank was used for. Well, those are [00:10:17] all questions that some investigative bodies will have to deal with. [00:10:21] Why did that bank, for example, have the account of [00:10:25] EPS, the account of Informatika from [00:10:28] Novi Sad, the account of Parking Servis? [00:10:31] I will now allow myself to, since I also have lawsuits from [00:10:35] Alta Bank, claiming that my statements [00:10:38] influenced the decline of the bank's reputation, [00:10:42] by saying that there was a risk of cooperation with this bank. So, when you hypothetically have [00:10:45] a large amount of money that you don't know what to do with because you're extracting it from [00:10:49] the budget through rigged public procurements, I mean the people who work in the state, "and [00:10:53] what will be talked about in the coming weeks and months, you have to [00:10:57] place that money somewhere at some point, and then you need a bank. A bank is the easiest way to place [00:11:01] that money. The rise of the bank [00:11:04] actually showed that the bank overnight started placing in the region [00:11:08] that it is also in Montenegro, in Macedonia, in some [00:11:11] other places. Then at the same time, it's not enough just to [00:11:15] be solvent, you need to be liquid. So then the state [00:11:18] decided to transfer the operations of [00:11:21] public enterprises there, so we started paying for electricity, communal [00:11:25] services, a large number of private [00:11:28] companies also transferred their payment traffic there for reasons known [00:11:31] only to them. So then on one hand they had good liquidity, and I [00:11:35] assume that since that liquidity was not threatened by anything, at least not until [00:11:39] that last moment, that the reason is not liquidity, but the reason is that [00:11:43] someone started withdrawing those large amounts of money, [00:11:47] which will probably turn out to be true, and that the bank was [00:11:50] threatening to become insolvent, because in the short term it might be liquid, but it can't [00:11:53] pay its obligations in the medium [00:11:56] term. So we can only assume that the [00:11:59] bank served for various investment [00:12:02] schemes. The bank in the meantime became the owner of [00:12:06] a retail chain, which is again a source of [00:12:09] liquidity, a large amount of cash through which a large amount of cash passes and [00:12:13] from which a large amount of cash comes. And [00:12:16] I think one of the items that is now important, [00:12:20] I also read this morning that some investment funds invested and [00:12:24] held funds there. Those funds are now [00:12:28] their unit value will fall, and so on and so forth. [00:12:31] The key now is to analyze [00:12:35] and try to minimize [00:12:38] the damage, and there will certainly be some damage. Now, what would [00:12:42] be the minimum damage and what would [00:12:45] be the worst possible scenario? Well, [00:12:48] the minimal damage would be if the bank [00:12:52] has enough deposits to return deposits to all [00:12:55] clients, first individuals, then [00:12:59] legal entities. The agency will [00:13:02] recover what it paid out in [00:13:06] guaranteed deposits through the sale of [00:13:09] some assets or what remains from the bankruptcy estate, so that it can also be collected. [00:13:13] So, that shouldn't be a problem. That [00:13:16] would be an ideal scenario, that companies like [00:13:20] Mercator, Roda, Idea, some [00:13:23] other related parties that were in that system, that those [00:13:27] people don't lose their jobs, that someone either takes it over or buys it, so they continue to work, [00:13:30] that it doesn't affect their liquidity and solvency, and [00:13:34] that would be the smallest possible damage. Of course, we can [00:13:38] only imagine great damage. Fortunately, the bank is not systemic and will not [00:13:42] endanger the financial sector itself, but it will shake [00:13:45] some trust in the banking system. We don't know what that can cause. On the other hand, it will shake [00:13:49] it much more, and that's why I say that the first thing the National Bank should do now is to come out and [00:13:53] say what we did and what we plan to do, because [00:13:56] now, you know, up until a week, 10, 15 days ago, [00:14:00] on Monday or Tuesday, the National Bank, i.e., the governor, came out [00:14:03] with a statement saying the bank is great, you don't have to worry, and three days later the license [00:14:07] was revoked. So, restoring trust in the institution, that actually [00:14:10] shows how important it is, especially for the National Bank to be an independent institution, [00:14:14] that there is no one who can call the governor or vice-governor [00:14:18] for bank control and say, "Don't control that bank," because it's really [00:14:21] hard for me to imagine that the problems arose overnight. Mhm. [00:14:25] So, some problems existed, those problems were kept [00:14:28] in a way that they would not explode, [00:14:31] but the rise and [00:14:35] growth of such a bank overnight [00:14:38] is interesting. 3% market share is not insignificant in Serbia. [00:14:42] Yes, but it is not [00:14:44] decisive. The banking sector, [00:14:47] apart from this situation, seems quite stable. [00:14:51] There are many foreign banks that are quite stable [00:14:54] and operate stably here, which this will not affect, I assume. Yes, I [00:14:58] am [00:14:59] freely [00:15:02] sure that it will not affect the banking sector, but it did [00:15:06] send a message, and you know, whoever [00:15:09] has been bitten by a snake fears a lizard. [00:15:13] We have survived inflation here, and we have survived bank failures and bank closures [00:15:17] at the beginning of 2000, and people here are much more sensitive than if this had happened in some [00:15:20] other country in Europe where it's simply a market process, a bank closes, another [00:15:24] one arises or... Well, banks close here every time the government changes, [00:15:28] some more, some less. It seems it [00:15:31] is so, but the problem is not with bank closures, the problem is with [00:15:35] control. So you have to establish control, not only in the financial [00:15:38] sector, but in other segments, so that the institution that deals with control, when the [00:15:42] competition commission comes out and says there is no concentration, you believe it. We [00:15:45] don't believe it now, and it usually turns out we were right because we didn't believe it. [00:15:49] So, restoring trust in institutions will be a process that [00:15:53] the new government will have to work hard on. Can that [00:15:56] trust be restored? This is the second time for those older [00:15:59] people who remember that we are building institutions, we are trying [00:16:03] to build trust, I mean those who [00:16:06] remember [00:16:15] 2000, and then now this is somewhere the third time. [00:16:19] And it can, of course. [00:16:23] Essentially, I have been saying all along that institutions [00:16:26] exist here, not that they don't exist. Institutions here exist, they were captured, and when you [00:16:30] let them go, it still hasn't changed. Some institutions have started doing their [00:16:34] job, both the prosecution and the police and the central bank, some other institutions. [00:16:38] So, let institutions do their job, they will know how to [00:16:41] do it, and appoint leadership that will not call them to do something that [00:16:45] would jeopardize anyone's interests. So, the interest of the state is in the first place, [00:16:49] then everything else. So I think that trust [00:16:53] will probably be restored [00:16:56] it, but if institutions are given certain freedom, they will do their [00:16:59] job. I believe that there are people everywhere in the state who know how to do their job. [00:17:03] The rest, yes, this is about a bank that was close to [00:17:06] the authorities. What about state [00:17:10] enterprises, let's call them that, who played a key [00:17:14] role for the outgoing government, that is, Telekom. We heard [00:17:17] representatives of the student list a few days ago in Pionirski Park [00:17:21] publicly on Radio Television of Serbia demanded [00:17:24] the resignation of the director of Telekom. I [00:17:28] think resignations are the minimum those people [00:17:31] can do, and I hope some bodies will [00:17:35] deal with the investments of state [00:17:38] enterprises, especially Telekom, in the last ten [00:17:41] years. We have some extremely paradoxical things where [00:17:44] clients were bought at ten times and [00:17:48] multiple times higher prices than the market price. Where did that money [00:17:52] go, how was it invested? Those are many questions. I think [00:17:55] that the key thing [00:17:59] is not to take a single step. People are responsible, companies [00:18:02] are not responsible. The company will continue to exist and must [00:18:06] continue to exist. And the company employs many people, people get paid, [00:18:10] live from it and so on, but those who were responsible [00:18:13] for either bad management or, you know, [00:18:16] they often say here, "Oh, our salaries have increased." Well, [00:18:20] yes, but maybe in some other conditions they could have increased three times as much. So what is [00:18:23] the lost profit for the state, the opportunity cost that citizens here [00:18:27] lost, how should that Telekom have looked today, how should the media space look? So [00:18:31] these are all things that institutions will deal with, but [00:18:34] essentially someone made a decision, "Transfer [00:18:38] accounts to Alta Bank." So it didn't just happen. Was that decision made [00:18:42] by conducting a public tender and selecting [00:18:44] the best bidder, or not? If not, the one who didn't do it [00:18:48] must be held accountable. Yes, Telekom [00:18:51] largely lived in that in those circles [00:18:55] of borrowing. What will happen to that now? The key [00:18:58] thing is how they spent that money. If it turns out that [00:19:02] they, like the state, borrowed money and built a stadium, we all know that [00:19:06] that stadium will not in the future bring back funds to the budget. [00:19:09] And just as the Arena cannot sustain itself, the Belgrade Arena, probably the [00:19:13] stadium will not be able to either. So, how did they invest the funds in [00:19:16] something that will not be able to return profit to Telekom in the coming years? I don't know that at this [00:19:20] moment, I haven't done an analysis of Telekom. The last time we did an analysis, it [00:19:24] was on shaky ground. [00:19:26] And if the state support stops in the way it has had so far, [00:19:30] meaning returning to market flows, that could be [00:19:33] a risk for the company. If the funds were invested in something that can return [00:19:37] profit in the future, we know they were invested in Informer, various other [00:19:41] media. Yes, that is almost [00:19:45] certainly something that will not benefit the company. If that was [00:19:48] invested, that could really jeopardize [00:19:51] the company's operations. Ultimately, today we must keep in mind [00:19:55] that if payments are made, taxpayers will pay for everything, because [00:19:58] the state will take it from the budget and compensate its enterprises, as it [00:20:02] once did. And I heard here now that the state should not pay [00:20:06] more than it must by law. These are insured deposits, because [00:20:10] after all, there were some private individuals [00:20:13] in that bank. On the other hand, I hope that the bank's [00:20:16] funds will be sufficient to cover it. Here [00:20:19] it's no longer just about the bank, it's about the whole system. The money went somewhere, [00:20:23] and that property should be recoverable, [00:20:26] I hope most of it. So there must be [00:20:29] accountability, and finally, when [00:20:33] the state sector invests in something, it should [00:20:36] be in the interest of citizens. Then a new [00:20:39] question arises: should the state be the owner of [00:20:42] the economy and companies that can operate in the market under certain circumstances, [00:20:46] and in what direction should it interfere? We have examples in the region where [00:20:50] some companies are state-owned but function as if they were [00:20:54] private. So it's possible, but that's always been [00:20:58] difficult in these areas. That's a topic for [00:21:01] some closer, let's say, future. [00:21:05] Now, we are dealing with these things that are happening immediately after the change [00:21:08] of government. Thank you very much for this conversation. It was Goran Radosavljević, [00:21:12] professor [00:21:13] at FEFA. [00:21:23] Trust the number one best-selling herbal cough medicine in [00:21:26] the world, Prospan. 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What did [00:27:36] journalists from Novi Sad find out about this mystery, is it [00:27:40] possible to reconstruct who the associates of that [00:27:43] organization were, more from Ina [00:27:45] Džakula? There is no page on the website of the Center for [00:27:49] Social Stability. First, when you tried to [00:27:52] enter the site itself, or the site itself, [00:27:56] the center did not have that page, that is, that [00:27:59] page was displayed so that it said on it [00:28:02] that there was no data, but now you can't even open that [00:28:06] page, it has been removed, but the internet remembers and [00:28:10] an archived version of the site can be found, and the [00:28:13] journalist of portal 021, who is my guest [00:28:16] today, actually reached that archived version. Marija is with us, first [00:28:20] of all, good day and thank you for speaking for N1 television, you actually [00:28:24] found out, days after the elections, that [00:28:26] the page with associates was removed from the site, i.e. from the site of the Center for [00:28:30] Social Stability, [00:28:32] so what did you find and how does it look to you at this [00:28:36] very moment? Yes, I [00:28:39] can't claim now when the page exactly [00:28:42] disappeared, we noticed a few days [00:28:45] after the elections that the page was gone, that the page was not [00:28:48] found, now that it was generally deleted, [00:28:51] however, the good and at the same time bad thing about the internet [00:28:55] is that the internet remembers everything, so with the help of the [00:28:59] Wayback Machine platform we were able to find. [00:29:03] We have an archived version of that [00:29:06] page and the website of the Center for Social Stability, so we see who [00:29:10] those associates were who were otherwise in the previous [00:29:14] known to the public, most of them, there are a total of [00:29:17] 49 of them, so let's try to explain to the public, who exactly [00:29:21] are these people? These are mostly [00:29:24] people who were connected in various ways, so to speak, with the [00:29:28] then ruling party. I would just like to remind [00:29:31] that the Center for Social Stability produced [00:29:34] dozens of propaganda [00:29:37] films last year, which in a very subtle, direct [00:29:41] way criticized [00:29:44] those who disagreed with the then government. Besides [00:29:47] that, it was precisely that center and people from that center [00:29:51] who formally organized last year's [00:29:54] rallies against blockades, the so-called civil [00:29:57] rallies against the then blockades, most of [00:30:00] these people are in some way [00:30:04] connected with the then ruling party, some [00:30:07] are public officials, some were employed in state [00:30:10] institutions, further some in public enterprises and [00:30:14] here in local enterprises in Novi Sad, given that [00:30:18] the Center for Social Stability itself is from Novi Sad, it was noticed [00:30:21] that certain candidates [00:30:24] for S, i.e. the lists of SNS, are precisely those associates, [00:30:28] so please connect that for us in principle, how do you view the fact that [00:30:32] that page disappeared and that on that page [00:30:35] the list of associates includes precisely those candidates [00:30:39] for parliament from the SNS list? I [00:30:43] again cannot claim when the page exactly disappeared, we contacted [00:30:46] the director of the Center for Social Stability with [00:30:50] questions about when and why the page disappeared, however it was a short [00:30:53] conversation where we were told that he knows nothing about [00:30:57] that, that he just found out from me.