(CNN) — Police in Serbia have arrested former Serbian military commander Ratko Mladic, the highest-ranking war crimes suspect still at large from the Balkan wars of the 1990s, Serbia’s president announced Thursday.

“Today we arrested Ratko Mladic,” Serbian President Boris Tadic said.

Tadic said Mladic was detained in Serbia. The president said the arrest will help the process of reconciliation throughout the Balkans.

“All war criminals must face justice,” Tadic said.

Mladic, 69, is wanted on charges of genocide, extermination and murder, among others, by the International Criminal Tribunal for the former Yugoslavia.

The tribunal accuses him of “direct involvement in the genocide committed after the fall of Srebrenica in July 1995,” and the killing of “close to 8,000 men and boys following the fall of this enclave.” read more