ZAGREB, May 12, 2019 – Prosecutors in London have been given the go-ahead to investigate the former owner of Croatia’s Agrokor food and retail conglomerate, Ivica Todorić, in the Nexus case and in the case of sale-leaseback agreements between Agrokor and a US real estate fund, the N1 television channel says.
“Ivica Todorić could be questioned soon, just as he was questioned in the Agrokor case after his extradition from London,” N1 said.
Todorić refused to waive his right under which each new procedure required approval from London, and his lawyers say they have no knowledge of any such approval being granted. Yet, prosecutors have notified them that a hearing will be held there, N1 said.
Croatia’s Chief State Prosecutor Dražen Jelenić said recently that the investigation in the Agrokor case would most likely be completed by May 20, noting that it was a very complicated case. N1 recalled that after the completion of the investigation his office would have another three months to write an indictment.
The investigation of Ivica Todorić, his sons Ivan and Ante, and 12 Agrokor managers and auditors was initiated by the Zagreb County Prosecutor’s Office in November 2017 on the suspicion that they had embezzled over one billion kuna (135 million euro).
Ivica Todorić was the only suspect in this case who was remanded in custody after his extradition from the United Kingdom. He was released on 7.5 million kuna (1 million euro) bail on November 20 last year and was banned from leaving Zagreb.
More Agrokor news can be found in the Business section.
