Solution to Croatian/Hungarian Mol Issue Expected Soon

People ♦ Published: October 15, 2013; 14:11 ♦ (Vindobona)

The Croatian justice has issued an international arrest warrant for the head of Hungarian oil company Mol.

Solution to Croatian/Hungarian Mol Issue Expected Soon / Picture: © MOL

Zsolt Hernadi, CEO of Mol, is under the suspision of having bribed former Croatian Prime Minister Ivo Sanader (2003 – 2009) with an amount of € 10m in 2009. As a return, Mol was able to take over a major stake of Ina. Currently the Hungarian oil company Mol, which is one of the commercially most powerful enterprises in CEE, holds 49.1 percent in Croatian Ina while the Croatian…