 He then modified it and submitted it to the Faculty of Organizational Sciences (FON) as the "Value Creation through the Process of Restructuring and Privatisation – Theoretical Concepts and the Case of Serbia", where he obtained his PhD in 2013.On 9 July 2014 the website "Peščanik" claimed that Mali had plagiarized at least one third of his PhD thesis.Professor Raša Karapandža showed that Mali plagiarized his thesis with the content from other theses, authored articles, site of the Agency of Privatization of Serbia and Wikipedia by publishing several examples.