[citation needed] In June 2000 the Serbian Ministry of Higher Education approved the formation of the Megatrend University of Applied Sciences in Belgrade.

"[21] In an opinion piece in Al Jazeera about problems in Serbian higher education, Zorana Suvakovic described Megatrend as "essentially a degree mill where diplomas can be obtained for cash.

"[24][25] In 2010, the magazine Marianne, commenting on the Bogdanov affair, showed that the Bogdanoff brothers were employed at the Megatrend University as professors in the department of cosmology, and that they used this to increase their credibility with the French public.

[26] Alain Riazuelo, an astrophysicist at the Institut d'Astrophysique de Paris, showed that Megatrend does not have a department of Cosmology, as the main focus of the university is on economics and management studies.

Rector Jovanovic (owner of Megatrend) published their pseudoscientific book and wrote the foreword for it, which gave him a kind of prestige in the eyes of the general public in Serbia.

[26] On June 1, 2014, a group of Serbian academics based in the UK published an article claiming that parts of the Minister of Internal Affairs of Serbia Nebojša Stefanović's doctoral dissertation were plagiarized.

[28] The controversy escalated further when other academics raised serious doubts as to whether Megatrend's rector and Stefanović's mentor Mića Jovanović was ever awarded a doctorate at all.

[29][30] The original story in the Serbian media reported a statement by him that he had obtained his doctorate studying under the "famous professor Stephen Wood of the London School of Economics.