Croatia Issues Detention Order For Hungary's MOL Executive Hernádi

  • 30 Sep 2013 9:00 AM
Croatia Issues Detention Order For Hungary's MOL Executive Hernádi
A Zagreb court on Friday issued a detention order for MOL executive chairman Zsolt Hernádi after he failed to show up for questioning on September 25.

Croatian authorities have convicted former prime minister Ivo Sanader of accepting a bribe of €5 million in 2008 to ensure that MOL obtained management control of Croatian energy company INA.

MOL’s general counsel Pál Kara rejected the Croatian move as a threat against MOL and its CEO, calling the accusation of wrongdoing unfounded.

MOL, owner of 49.1% of INA shares, began talks with the Croatian government, owner of a 44.8% stake, on a future strategy for INA on September 18.

Source: Hungary Around the Clock

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