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The arrest that shocked the Podgorica elite: Who is Aco Djukanovic, brother of the former President of Montenegro?
2026-02-28 13:31:50 / BOTA
From financial empire to criminal investigation; is the era of impunity in Montenegro coming to an end?
The arrest of Aco Djukanovic, a well-known businessman and brother of former Montenegrin President Milo Djukanovic, is one of the most sensational developments in Montenegro in recent years. The police operation, which spanned Podgorica and Niksic, included several hours of searches of his properties, where, according to media reports, firearms, ammunition and equipment allegedly held in violation of the law were seized. He was detained and sent for further investigative procedures, while authorities are verifying the confiscated documentation.
But the issue is not simply criminal. Aco Djukanovic is not a common name in Montenegro. He is considered one of the richest men in the country, with strong influence in the financial sector, especially through his shares in Prva Banka Crne Gore, a bank that has been at the center of public debate and criticism for its links to the political elite for years. During his brother's long period of political dominance, Aco's name was often mentioned as a symbol of the combination of political power with private capital; a typical pattern of the post-Yugoslav transition.
His arrest comes at a time when Montenegro is trying to strengthen its rule of law credentials vis-à-vis the European Union and its Western partners. For many analysts, this move is seen as a real test for the justice institutions: is this an independent investigation that also touches on untouchable figures from the past, or a move motivated by the new political balances in Podgorica?
Symbolically, the handcuffs on the brother of the former long-time leader represent more than a criminal episode. They signal a clash between two eras: that of the consolidation of power around a narrow elite and the current phase, where public, opposition and international pressure for transparency has increased significantly. If the investigation deepens and produces concrete results, this could mark a turning point in the culture of impunity in Montenegro. If not, it will remain simply a spectacular episode in the long chronicle of the Balkan transition.
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