J+T is buying the shares through companies close to the group registered in Cyprus, the paper said.
J+T spokesman Petr Malek would neither deny, nor confirm the report.
Croatian market watchdog HANFA has suspended trade in shares of INA until April 8 to allow time to indentify foreign purchasers of the shares.
MOL owns 47.25% of INA and the Croatian government holds 44.84%.
MOL made a public purchase offer for the 8% of INA shares in free float last December. MOL offered HRK 2,800 per share, the same as the price in a public purchase offer it made in the autumn of 2008. But other market players appeared to outbid MOL, pushing the share price over the offer. MOL raised its stake by just 0.1% in the offer.
MOL on Monday firmly rejected speculation in the Croatian press that it was behind the purchases of INA shares under scrutiny by HANFA. MOL has always and will continue to hold to capital market rules and international standards, including disclosure requirements related to bourse trade, it added.
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