The owner of Croatia’s heavily indebted food and retail giant Agrokor, Ivica Todoric, will appear in a London court on April 10 in connection with Croatia’s extradition request, Total Croatia News reported on April 9.
In October, Croatia issued a European arrest warrant for Todoric, amid an ongoing investigation related to financial irregularities uncovered at the group after it entered restructuring. He was arrested in London on November 7 last year and released on a £100,000 bail.
Croatia’s largest company, which employs around 60,000 people in the region, is undergoing restructuring after a debt crisis pushed it to the brink of collapse last year. An audit report has shown that the Agrokor Group’s net loss in 2016 amounted to HRK11bn (€1.46bn), while the company’s liabilities amounted to HRK56.3bn.
Apart from Todoric, several other people are being investigated in Croatia in connection with the financial irregularities at Agrokor. In October last year, Croatian police raided Todoric's house and several former executives from the company were detained.
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