top of page
Writer's pictureFTT Creations

The biggest financial scandal in Croatia is going to court after three years


Croatian businessman Ivica Todorić.
Croatian businessman Ivica Todorić.
 

The founder and former owner of the Croatian food concern Agrokor Ivica Todorić was finally indicted after more than three years of investigating the biggest financial scandal in the country. The damage caused to the concern was estimated by the prosecutor's office at approximately 1.2 billion kuna (4.25 billion crowns), the Croatian media reported yesterday. A total of 15 people are being charged with embezzlement and fraud. These are mainly other former executives of the group, but also the two sons of the main defendant, 69-year-old Todorić.


According to prosecutors, Todorić, who founded Agrokor in 1976, and other defendants mismanaged the company and fraudulently withdrew large amounts of money from it. The company, which still employs tens of thousands of people in Croatia and other Balkan countries, came under forced administration due to high debt and passed into the hands of creditors. However, she avoided bankruptcy. The Balkaninsight.com portal wrote that the total debt of Agrokor reached the amount of seven billion euros (over 187 billion crowns). According to the indictment, Todorić obtained an unauthorized property benefit in the total amount of approximately 3.3 billion crowns through his criminal activity.


Todorić called the accusation a political act of Prime Minister Andrei Plenkovič with the aim of trying to cover up the largest corruption affair in the history of Southeast Europe. Todoric's lawyer has already announced that the defense will file a complaint against the indictment as he is convinced that in many cases the law was violated during the investigation.

9 views0 comments

Recent Posts

See All

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating

Top Stories

bottom of page