The founder of the troubled Agrokor food and retail giant was remanded to one month’s custody by the Zagreb County Court on Thursday, after the presiding judge deemed that he was a flight risk.
The former owner of the Agrokor concern, Ivica Todorić, has been remanded to custody despite a bail offer of one million Kuna from his lawyers Jadranka Sloković and Čedo Prodanović. Todorić was extradited to Croatia from Great Britain last night. Upon arriving in Zagreb he was immediately transferred to the Remetinec prison in Zagreb. He is suspected of embezzling more than one billion Kuna from the food and retail giant.
"The key factor was that the suspect. Mr. Todorić, has for some time now avoided returning to Croatia, and in so doing disrupted these proceedings," said Ivan Glavić from the State Attorney’s Office said after the court made its decision today.
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