INA - MOL case

Zagreb court sets investigative detention for MOL CEO

27.09.2013 u 12:35

Bionic
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The Zagreb County Court on Friday set investigative detention for the Hungarian oil giant MOL board chairman Zsolt Hernadi who is suspected of bribing former Croatian prime minister Ivo Sanader in exchange for management rights in the Croatian oil company INA.

The court set detention for Hernadi at the proposal of the Croatian anti-corruption office USKOK.

After an investigative judge set detention on the grounds of Hernadi being a flight risk, a warrant for his arrest can be issued.

The prosecution opted for detention after Hungary recently declined to present Hernadi with a subpoena for his questioning in Croatia. Before that Hungarian authorities declined to interrogate Hernadi themselves stating the protection of national interest as the reason for the rejection. Hungary insisted an investigation had been carried out and later suspended as evidence showed that the MOL CEO had nothing to do with the alleged illegal activities.

Last November, the Zagreb court sentenced Sanader on corruption charges involving the alleged payment of a bribe of millions of euros to give MOL management rights in Croatian peer INA.

MOL's stake in INA is just short of a majority. The other big shareholder in the company is the Croatian state.