Market manipulation?

Police question two more Hungarian members of INA Supervisory Board

05.06.2013 u 18:50

Bionic
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After questioning the CEO of the INA oil company, Zoltan Aldott, and two members of the company's Supervisory Board on Tuesday, the Croatian police questioned two more Hungarian members of the board on Wednesday -- Jozsef Molnar and Gyorgy Mosonyi.

Although the two officials were seen outside a police station in the Zagreb district of Remetinec, the police declined to give any details of their questioning, saying that it was part of an investigation being conducted by the Office for the Prevention of Corruption and Organised Crime (USKOK).

Unofficial sources said they were questioned as part of an investigation into alleged manipulations of prices of INA shares in late 2010 and early 2011. Charges against the Hungarian company MOL, the 49% owner of INA, were brought in May 2011 by the then chairman of the management board of the Croatian Financial Services Supervisory Agency (HANFA), Ante Samodol.

The unofficial sources said that the Hungarians had not been summoned for an interview as suspects or witnesses, but as persons who may have knowledge of occurrences relevant to the charges.

HANFA reported MOL for market manipulations and business fraud. It claimed that MOL had divulged misleading information although its aim was to acquire a majority stake in the Croatian oil company, which it had not specified in its offer.

The two Hungarian members of the INA Supervisory Board that were questioned on Tuesday are Ferenc Horvath and Oszkar Vilagi.