In autumn 1995, Arkan's troops fought in the area of Banja Luka, Sanski Most and Prijedor where they were routed. Arkan personally led most war actions, and rewarded his most efficient officers and soldiers with ranks, medals and eventually the products of lootings. The Serb Volunteer Guard was officially disbanded in April 1996. Besides Arkan, a notable member of the Guard was his right-hand man, Colonel Nebojša Djordjević, who was murdered in late 1996. Another notable member was Milorad Ulemek, who is now serving a 40-year sentence for his involvement in the assassination of Serbia's pro-Western prime minister Zoran Đinđić in 2003.
