Davor Macura turned away at Podgorica Airport, served with decision banning him from entering Montenegro

Serbian businessman Davor Macura, owner of the Alta Pay Group, was turned away at Podgorica Airport today after being served with a decision banning him from entering Montenegro on national security grounds, Vijesti reports.

According to the newspaper, the information was provided by several independent sources.

Macura is the former owner of a currency exchange chain whose business rise, according to the weekly magazine Radar, coincided with the Serbian Progressive Party coming to power. The publication reported that his Alta Pay Group generated €59 million in net profit over a five-year period.

Macura is also Chairman of the Board of Directors of Alta Bank, and his business interests span the financial sector and real estate. His company, ABL Solvent, purchased the property of the former Industrija motora i traktora (IMT) plant in New Belgrade for €70 million.