# T&M Group Solutions' government contracts Category: Money and deals Period: from Dec 2022 Outcome: No one investigated (as of 27 Feb 2025) The security firm T&M Group Solutions was founded in 2022 with 1,000 dinars in capital. In 2025 it reportedly had revenue of around 22 billion dinars and won 66 state tenders, including three where it was the only bidder. EXPO 2027 reportedly pays it up to 69 percent more per hour of security than other contracting authorities do. In 2025 the People's Movement of Serbia filed a criminal complaint alleging rigged procurement; its outcome is not known. In January 2026 Elektrodistribucija Srbije again awarded the firm its meter-reading contract. ## From five employees to 22 billion T&M Group Solutions was founded in May 2022 under the name Old sekjuriti, with capital of 1,000 dinars. In 2022 it reportedly had five employees and revenue of 428,000 dinars; in 2023 its revenue was reportedly 2.37 billion dinars, and in 2024 around €119.5 million. In 2025 it reportedly had revenue of around 22 billion dinars and 951 employees. By the end of 2025 it had reportedly won, on its own or as part of a consortium, 66 state tenders worth around €98.5 million; by another count, its contracts since the start of 2023 are worth more than €213 million. ## Tenders without competition In tenders for security at Kalemegdan, Serbian Railways Infrastructure and the Republic Health Insurance Fund (RFZO), the group led by T&M was reportedly the only bidder, at hourly rates of 960, 1,080 and 924 dinars. In March and July 2026 the EXPO 2027 company awarded it security (6.6 billion dinars) and cleaning (771.6 million) contracts, at 1,560 dinars an hour. The only other bid for the security contract was reportedly for zero dinars and was rejected, while a cheaper bid for the cleaning contract was rejected over “references”. Director Danilo Jerinić signed both agreements. ## Big state contracts On 20 December 2024, the RFZO reportedly awarded the group led by T&M a 4.8 billion dinar contract to clean health facilities, even though the company is registered for security work. On 1 November 2025, the Pension and Disability Insurance Fund awarded it a 585 million dinar cleaning contract, and on 17 October 2025 Serbian Railways Infrastructure awarded it a 470 million security contract. In September 2024, the City of Belgrade awarded it a 150 million dinar contract to guard city buildings, followed by a new 180 million contract in July 2025. ## Meter-reading tender On 28 October 2025, Elektrodistribucija Srbije awarded the reading of about 2.5 million meters to a group led by T&M. Acting on a request from another bidder, the Republic Commission partially annulled the procurement on 10 December 2025 and ordered a new expert evaluation of the bids. On 12 January 2026, Elektrodistribucija made the same decision and rejected the other group's bid. The agreement, worth 2.88 billion dinars including VAT and running for two years, was signed at the end of February 2026. ## Who is behind the company The direct owners are reportedly two companies from the United Arab Emirates, holding 60 and 40 percent. According to the Central Register of Beneficial Owners, Mihajlo Popović and Dane Šijan stand behind them. Šijan was director until January 2024. Šijan was reportedly detained in Montenegro in 2021 on suspicion of illegally bringing in money, and in 2022 he was banned from entering the country. On 17 December 2023, the firm's vehicles were spotted outside the "Arena", a gathering point for voters from Republika Srpska (2023 elections). ## NPS criminal complaint On 27 February 2025, the People's Movement of Serbia filed a criminal complaint with the Higher Public Prosecutor's Office in Belgrade against the owners of T&M and 27 national and city officials, on suspicion that they had rigged procurements worth almost 17 billion dinars in the company's favour. The party says the company was founded in 2022 to provide security, yet it wins contracts for cleaning, laundry and fire protection. The outcome of the complaint is not known. ## Workers, debts and a clash outside the City Assembly At the end of 2025, T&M reportedly owed its workers 2.95 billion dinars in unpaid net wages, while a small number of people were credited with salaries five times larger than the pay of all other employees combined. According to Radar, the firm wrongly stated in its bid that it was a small or medium-sized enterprise. On 6 March 2025, the firm's workers clashed physically with citizens outside the Belgrade City Assembly. According to Filip Radosavljević, former financial director of the Mother and Child Institute, the firm offered him a percentage of the contracts, and when he refused, he was dismissed. ## Participants - [T&M Group Solutions](https://odgovornost.rs/en/organizacije/tm-group-solutions): It reportedly won 66 state tenders worth about €98.5 million, and was the only bidder in three large ones (responsible) - [Dane Šijan](https://odgovornost.rs/en/osobe/dane-sijan): Reportedly profits from the state contracts of T&M, whose revenue reached around 22 billion dinars in 2025 (responsible) - [Mihajlo Popović](https://odgovornost.rs/en/osobe/mihajlo-popovic): Reportedly listed as the beneficial owner of 60 percent of T&M, a company that won state contracts worth around €98.5 million (responsible) - [Danilo Jerinić](https://odgovornost.rs/en/osobe/danilo-jerinic): Reportedly signed the EXPO security and cleaning agreements at prices up to 69% higher than those paid by other contracting authorities (responsible) - [Electricity Distribution of Serbia](https://odgovornost.rs/en/organizacije/elektrodistribucija-srbije): After the tender was partially annulled, it again awarded the meter-reading contract, worth 2.88 billion dinars, to the group led by T&M (responsible) - [Republic Commission for the Protection of Rights in Public Procurement Procedures](https://odgovornost.rs/en/organizacije/republicka-komisija-za-zastitu-prava): Partially annulled the meter-reading tender and ordered Elektrodistribucija to repeat the expert evaluation of the bids (oversight and the public) - [People's Movement of Serbia (NPS)](https://odgovornost.rs/en/organizacije/narodni-pokret-srbije): On 27 February 2025, filed a criminal complaint against the owner of T&M and 27 officials over rigged procurements (commented on the case) - [Higher Public Prosecutor's Office in Belgrade, Special Department for Combating Corruption](https://odgovornost.rs/en/organizacije/vjt-beograd): Received the NPS criminal complaint over procurements rigged in favour of T&M; the outcome of the complaint is not publicly known (investigation and courts) ## Victims and others harmed - [Filip Radosavljević](https://odgovornost.rs/en/osobe/filip-radosavljevic) ## Sources - [Radar: Who Expo entrusted with security and cleaning](): 6 Nov 2026 - [N1: Not Marko Bosanac, but Dane Šijan: Whose firm will read meters for Elektrodistribucija](): 28 Oct 2025 - [Radar: A rich view and money laundering](): 31 Dec 2025 - [Nova.rs: All the million-dinar deals of SNS thug Vlada Mandić](): 2 May 2025 - [Nova.rs: Dane Šijan's firm, whose employees beat Belgraders, is guarding the City Administration again: A contract worth €1.5 million](): 12 Jul 2025 - [N1: A tender like a telenovela: Dane Šijan's firm will not read meters (yet), procurement halted again](): 25 Jan 2026 - [N1: Dane Šijan's firm will read the meters: A 2.8 billion deal](): 28 Feb 2026 - [N1: NPS files criminal complaint against 27 officials, claims they rigged tenders worth 17 billion](): 27 Feb 2025 - [Nova.rs: Cleaning contract at the Institute for Mother and Child “rigged” for Dane Šijan's firm: Finance director offered a cut, refused, then dismissed](): 21 Oct 2025 - [Danas: „T&M Group Solutions“, the firm that guarded the Belgrade Assembly today, is owned by former handball player Dane Šijan](): 6 Mar 2025 - [Nova.rs: Firm linked to bussing in SNS voters from Republika Srpska richly rewarded: Million-dinar deals keep coming](): 27 Mar 2024 --- Source: Odgovornost, https://odgovornost.rs/en/afere/tm-group-solutions-drzavni-poslovi As of: 6 Nov 2026 Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)