Jasmin Jusufranić, the son of former GRAS director Ibrahim Jusufranić, tried to transfer the court-blocked property to Alma Kezo, with whom he has a daughter. The real estate has been under embargo since 2021, when he was accused of organized crime.
It says: Adna Zilić (CIN)
Jasmin Jusufranić, the son of the former director of the Cantonal Public Utility Company GRAS Ibrahim Jusufranić, was blocked by the court on seven properties due to the accusation of organized crime in the “Profit” case.
The Prosecutor’s Office of Sarajevo Canton (KS) charges Jusufranić Jr. with the acquisition of illegal property benefits of more than four million marks. Jusufranić paid 448,719 KM for the properties that were blocked by the Cantonal Court in Sarajevo and the damage will be recovered by selling them if he is convicted.
Journalists from the Center for Investigative Journalism (CIN) reveal that Jusufranić tried to transfer real estate under a ban to Alma Kezo, with whom he has a daughter, by means of a lifetime maintenance contract.
“I tried, the court refused and that’s it, I have nothing more to say on that topic,” Jusufranić told CIN journalists briefly.
At the proposal of the KS Prosecutor’s Office, he was ordered to prohibit the alienation or encumbrance of: land on Ilidža, three apartments, two parking lots and a storage room in the Sarajevo settlement of Nova Otoka. These properties cannot therefore be sold or transferred to other persons.
“They thought that no one would pay attention to it. If you are trying to dispose of real estate under measures, that should also be a sign for the court that it should strengthen those measures. What would happen in a situation where there are no measures? Then all this property would disappear and then what will the Federation be charged from in the event of a conviction,” they told reporters from the Federal Agency for the Management of Confiscated Property.
The ban on real estate was placed in May 2021. From then until June 2022, real estate in Nova Otoka was managed by the Agency. The ban is in effect until a new decision of the Court.
Jusufranić’s supporter of million real estate
In December 2020, the Investigation and Protection Agency (SIPA) arrested 14 people in the “Profit” operation, and among them was Jasmin Jusufranić. He was in detention for six months – until the middle of 2021.
In July of that year, along with 18 other people, he was accused of organized crime, abuse of position, money laundering and fraud in business operations. Jasmin’s mother Smiljka Jusufranić, who died in January 2026, and uncle Branislav Petrović, who died in February 2023, were among the accused.
The Prosecutor’s Office of the KS accuses them of acting as an organized criminal group in the Sarajevo Canton area from 2006 to 2014, which illegally obtained material benefits of around 30 million marks, led by: Zijad Blekić, Edin Dizdar, Armin Mulahusić and Ibrahim Jusufranić, former director of GRAS. According to the indictment, they did this through the fictitious purchase of shares and the extraction of money through various businesses, especially through the “Marijin Dvor” project and with the shares of the Sarajevo company “Unioninvest” in which Jusufranić Jr. was a member of the Supervisory Board.
The evidence procedure in the case has ended.
During that period and later, Jusufranić bought real estate that was blocked by the Cantonal Court in Sarajevo. He bought the land in Ilidža in 2006 for 90,000 marks, and in 2016 and 2018 he paid 358,719 marks for those in Nova Otoca.
In order to preempt the judicial institutions, Jusufranić tried to register these properties under Alma Kezo. In September 2025, the two signed a contract for lifelong maintenance.
Kezo undertook to take care of Jusufranić’s health, hygiene, nutrition and burial, and in return she would become the owner of the real estate after his death. If she dies before him, the real estate will go to their daughter.
The contract states that they are registered at different addresses, that he is married and she is single.
Notary Adnan Suljić warned Jusufranić and Kezo that the real estate in question was prohibited, and that it was marital property, which required the consent of Jusfranić’s wife.
Already the following month, Kezo tried to enter a note about the existence of this contract in the land register. However, the Municipal Court rejected it because the real estate is under prohibition.
Kezo did not respond to calls from CIN journalists.
While managing real estate in Nova Otoka, the Federal Foreclosed Property Management Agency was taking money from renting apartments. It is currently in a special purpose account. The money could be paid to Jusufranic if the Court makes such a decision.
“The Federal Agency enters, that is, finds his unmarried wife in one of those apartments and two people who are said to be friends. They conclude a lease agreement with the Federal Agency, we continue the lease that is in those apartments,” the Agency told CIN reporters.
Lawyers say that the prohibition of alienation and encumbrance of real estate is one of the most important measures to secure property while criminal proceedings are ongoing.
“No one can prevent a party from trying to make an unfounded registration of a change of ownership, even if that registration is not allowed, but it is important that the court disables such prohibited disposition with a legal decision,” says lawyer Mirza Ališah.
“Since lifelong maintenance has elements of real law, I think it is clear that the ban also included changing the status of the real estate in court or any records on the real estate,” said Darko Datzer, full professor at the Faculty of Criminology, Criminology and Security Studies of the University of Sarajevo.
Jusufranić’s profit
In addition to blocking the real estate, the Cantonal Court confiscated from Jasmin Jusufranić money in various currencies of around 46,000 KM and shares of the company “Vranica” worth 65,000 KM. He took 588,970 euros from his mother Smiljka Jusufranić. It is forbidden to dispose of the money until February 2028 or until a new decision of the Court.
Valuable family gifts
In April 2025, Smiljka Jusufranić gave her son Jasmin four business premises, a house in Sarajevo and a house in Kiseljak.
The family acquired part of these properties after Ibrahim Jusufranić left his directorship in GRAS in 2006, after 17 years of managing this public company. That year, an investigation was launched against him due to the suspicion that he damaged GRAS for almost one million KM.
CIN wrote a decade ago that he left behind 25.2 million KM in debt to this company, while the Jusufranić family invested at least 7.5 million KM in private property. Jusufranić died in 2020.
Three months after his mother gave him real estate, Jasmin Jusufranić signed a lifetime maintenance contract with Kezo. With this contract, after his death, she will become the owner of the real estate that he received from his mother, except for the house in Sarajevo’s Kovačići neighborhood. She will also become a co-owner of the International University in Travnik, which was founded by the Jusufranićs.
(TIP/Photo: CIN)
