Hernádi's criminal case to start in Zagreb on February 12
The Zagreb County Court scheduled the first hearing in a case involving corruption charges against Zsolt Hernádi, the chairman-CEO of Hungarian oil and gas company MOL, for February 12, Hungarian news agency MTI reported today.
Hernádi is charged with offering €10 million in bribes to former Croatian President Ivo Sanander for letting Hungarian oil and gas company MOL acquire a majority stake in its peer INA. Hernádi rejected the accusation, while Ivo Sanander has been sentenced to ten years for other reasons.
Croatia’s anti-graft agency (USKOK) reportedly handed in new evidence regarding Hernádi's corruption case on November 24. The Budapest Court of Appeals on December 3 upheld the acquittal of MOL chairman-CEO Zsolt Hernádi on charges of international bribery and other crimes, however it was not expected to affect the course of criminal proceedings under way against him in Croatia, according to reports on December 4.
MOL holdings in INA are just short of a majority stake. The Croatian government is the other big shareholder.
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.