The owner of Alta Bank Davor Matzura was arrested in Serbia. He is considered close to former president Aleksandar Vucic Nova was the first to report this. The businessman's lawyers confirmed the information to Belik. He was detained for 48 hours, during which he was supposed to be taken in for questioning. The arrest was preceded by a search of the bank's premises, which, according to reports in the local media, began on the morning of October 31 and lasted more than 30 hours. A day earlier, the National Bank of Serbia revoked Alta's license, saying that this was preceded by "control measures aimed at increasing the bank's liquidity level." During the previous period, the bank's financial condition, as stated in the regulator's press release, "deteriorated significantly, and there is a possibility of further deterioration in its financial condition or liquidity", therefore the interests of the bank's depositors were at risk. Alta is one of the most popular banks among Russian immigrants who moved to Serbia.