Agrokor: Minority Shareholders Seek Ramljak’s Dismissal

Lauren Simmonds

More discomfort for Ramljak as shareholders pile on the pressure.

As Poslovni Dnevnik writes on the 30th of January, 2018, at a press conference, Agrokor’s Association of Minority Shareholders requested the dismissal of the government appointed extraordinary commissioner, Ante Ramljak, for apparently acted outside of the law and caused damage to the companies in question.

The Association convened a press conference on the basis of the discovery of documents that spoke of the allegedly ”defective work of the extraordinary commissioner, specifically of the guarantees given by subsidiaries to Agrokor.”

The Association issued documents claiming that Ante Ramljak hadn’t acted in accordance with the law and that through those actions, he’s already caused great damage to the companies within the larger concern.

The Deputy Prime Minister of the Association of Agrokor’s Minority Shareholders, Miroslav Jeličić Purko, pointed out that a few days ago the court discovered a document about which none of the concerned were aware, and was submitted to the court because all the creditors had to file evidence for their respective claims.

“The document deals with guarantees under the credit agreement and bond contracts, and it’s apparent that companies like Belje, Jamnica, Vupik and Ledo can only be guaranteed for the amount of money they’ve received, and for no bigger amount. We didn’t have this, but Ramljak and the banks did, which means that we can no longer make a settlement such as the one the extraordinary commissioner had imagined,” stated Jeličić Purko.


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