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UK Court Orders Extradition Of Agrokor Founder Over Alleged Fraud

Published on Apr 24 2018 7:59 AM in Retail tagged: Featured Post / Croatia / Agrokor / Paywall / Todoric

UK Court Orders Extradition Of Agrokor Founder Over Alleged Fraud

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 percent 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.

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