Parliamentary Commission in charge of following the publicity and transparency of privatization has asked today from the Agency for foreign investments additional documentation with contract on management signed between Aluminum plant (KAP) and Swiss company #Glencor#. "Till the next session Agency is supposed to inform on decision of the Government on signing the agreement on management instead planned privatization of the firm as well as investment and business plan of #Glencor#, structure of debts of KAP and their reprogramming and finally contracts on leasing", was announced by president of the Commission Momcilo Vucetic. Democratic party of Socialists (DPS) proposed the Commission to ask from the Municipal board for legislation for opinion on its competence to discuss on the contract between Glencor and KAP, but it was not accepted. Representatives of this party explained their request by the fact that privatization in KAP had not yet started and that the Commission was in charge of following publicity and transparency of that process. It was decided current management of KAP to be invited to attend the next session and Vucetic refused a proposal even the former director of the firm Danilo Vuksanovic to be invited, explaining that he was not the one who signed the disputable agreement. Contract on management between Glencor and KAP was signed in October of 1998 after the Government had renounced on privatization. The Government chose French Credit Commercial bank for its financial advisor in this work and it paid over half million USD to that bank for election of manager. After the analyze had been finished and invitation directed to 21 world companies, Swiss firm Glencor, which was the only interested in managing KAP during the following two years, was chosen to be manager. MPs of SNP, People#s party (NS) and Serbs People#s party (SNS) claimed that the contract was concluded at disadvantage of the participants in repro- chain of production of aluminum especially for Electrical industry of Montenegro, Coal mine of Pljevlja and Jugopetrol. They emphasized that acts of the contract were defined as confidential and that financial advisor for choosing the contract partner, French Credit commercial bank, was elected on the basis of announcement that was not completely public. They said that the contract should have been signed by the Montenegrin Government and not by the state funds. They also denied its legal rightness. They asked how it was possible Mihailo Banjevic, who as director of Pension Fund and president of managerial board of KAP signed the agreement on management with Glencor, to latter become director of this firm. DPS representatives and director of Agency for foreign investments Branko Vujovic claim that the contract was economically justified and positive for KAP and Bauxite mines estimating that it could also be proven by their financial results realized in last for years. "Beginning from 1998 KAP had debts amounting to over 200 million USD and it is close to its estimated value. Glencor invested 25 million USD in raw materials and anodes and it did not succeed in returning that amount while managing the KAP", claims Vujovic. He said that the Government#s intention was to maintain production in the biggest Montenegrin plant that was before bankrupt in 1998.