It seems to be the question of the hour, the day, the week, the month and the year for Agrokor’s former boss.
Ivica Todorić asks the question of all questions on his blog on the 16th of January, 2018.
Agrokor is a quagmire of questions, topped with a complete lack of transparency in the eyes of many. The company’s former majority owner puts the question to the public on his now internationally known blog.
As usual, we bring you Ivica Todorić’s blog post translated in full into English below:
”Looking at the monthly report on the economic and financial situation of Agrokor’s extraordinary administration for the period from the 11th of December 2017 to January the 10th, 2018, a few details stand out (come to the eye), about which, aside from the records, [Ante] Ramljak says nothing.
On page five of the extraordinary administration’s report, Ramljak’s administration provided funding of 1.1 billion euro and this loan was granted the oldest claim. Furthermore, on page seven, the reports indicate that Agrokor Group’s business is positive and amounts to EBITDA 1.177 billion, but on page four, the report states that supplying goods to a group of companies is still a challenge. Therefore, Mr. Ramljak, this data is in disagreement [with itself] – how is it possible that money exists and yet there’s a lack of goods on the shelves? Have you invested money in the company’s stability or are you settling for the dozens of advisory teams that you’ve chosen, as yours and Minister [Martina] Dalić’s priority?
It’s well known that each of the 150 engaged advisers is being paid 1000 euro per day, and it’s well known that privileged (preferential) lawyers are receiving up to 15 thousand euro for four pages of typed text! The laundering and withdrawal of Agrokor’s money has, unfortunately, become a fact that, at least for the time being, isn’t inciting a reaction from the competent institutions. But, I’m convinced that the crime and the violation of the law in the days to come won’t remain without sanction.”
Ivica Todorić’s blog post translated in full from ivicatodoric.hr