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Croatia May Cancel Deal Between MOL and INA

picture of Zsolt Hernádi

Népszava reports that the Croatian Public Prosecutor’s Office is asking Prime Minister Andrej Plenkovic to consider terminating the contract between Hungary’s oil and gas company MOL and Croatian oil company INA.

Last week, Croatia’s Supreme Court sentenced former Croatian Prime Minister Ivo Sanader to six years in prison for accepting a bribe of 10 million euros and MOL CEO Zsolt Hernádi in absentia to two years in prison for bribery, as previously reported.

According to the prosecution, MOL was able to take control of the Croatian energy company INA in 2009 after Hernádi paid off the then-head of government.

The Prosecutor’s Office told a Croatian newspaper that Prime Minister Andrej Plenkovic would decide upon the issue of restoring the management rights of the Croatian-controlled INA. The Croatian company has been trying for many years to buy back its stake from MOL.

[Népszava]

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Posted in Foreign Relations

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