UK COURT ORDERS EXTRADITION OF AGROKOR FOUNDER OVER ALLEGED FRAUD

Reuters on 23rd April reported that a British judge has ordered that Ivica Todoric, founder of beleaguered food production and retail conglomerate Agrokor, be extradited to Croatia to face allegations of fraud totalling tens of millions of euros.  Agrokor, which accounts for 15% of Croatian GDP and is the largest employer in the Balkans, was placed under emergency state administration a year ago after it came close to collapsing under a mountain of debt.  Todoric, who founded the company in 1976, has denied accusations of fraud and said the Croatian investigation into his financial affairs was politically motivated.

https://uk.reuters.com/article/uk-croatia-agrokor-todoric-court/uk-court-orders-extradition-of-agrokor-founder-over-alleged-fraud-idUKKBN1HU1IN?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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