Croatian court finds charges against MOL chairman-CEO
The Zagreb County Court on Tuesday found charges of corruption lodged against MOL chairman-CEO Zsolt Hernádi to be substantive, Croatian public-broadcasting company Croatian Radiotelevision reported on its website on Tuesday.
Croatian anti-corruption office USKOK indicted Hernádi on March 31, 2014 on charges he bribed former prime minister Ivo Sanader of Croatia to give MOL management rights in Croatian peer INA. The court also upheld USKOK's request that Hernádi be placed under detention and that court hearings take place in absentia.
Hernádi's lawyer said that he will submit an appeal to the Zagreb County Court's Tuesday decision. The Budapest Municipal Court on May 26 dropped a case against the MOL chairman-CEO concerning international bribery in a first-instance ruling.
The court also relieved Hernádi from charges of causing major financial damages. The plaintiff, a MOL shareholder and a former MOL employee, said she would appeal the ruling.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.