20 Sep 2011

Former Prime Minister Indicted for Graft

Ex-Prime Minister Ivo Sanader (pictured here) has been indicted for receiving almost EUR 500,000 in bribes from Austrian bank Hypo Alpe Adria, in exchange for facilitating procedures for a loan to Croatia from that institution. The deal took place in 1995, when he was deputy foreign minister.

He is also accused of corruption in another case, involving a deal to allow the Hungarian firm MOL to take control of the Croatian oil company INA. According to the investigation, he is believed to have received a bribe in the amount of EUR 10 million.

Sanader was arrested in December in Austria and extradited to Croatia in July. He is the target of other six corruption investigations.

For the full article on reportingproject.net, please click here. The picture of Mr. Sanader is from the portal ezadar.hr.