Muhamed Borhan Rašid

Muhamed Borhan Rašid is a Palestinian businessman known for his controversial investments in Montenegro, particularly through his company Budva Heights. Formerly a close advisor to Palestinian leader Yasser Arafat, Rašid has faced legal issues, including a warrant for his arrest due to allegations of financial misconduct. He established his business presence in Montenegro 18 years ago, navigating a series of company name changes and significant financial challenges. His firm has struggled with debts and tax obligations, recently coming under scrutiny for failing to pay property taxes on a prime land complex near Budva, leading to enforcement actions by local authorities.