Croatian business tycoon and former Agrokor owner Ivica Todorić and 14 of the company's former managers have been named in an indictment that was delivered to the County Court in Zagreb on Tuesday, after a three-year investigation.
Ivica Todorić's sons Ivan and Ante are among those named in the indictment. All of them are accused of embezzling more than a billion kuna from the company. Krešimir Devčić, the spokesman for the Zagreb County Court, said the indictment was extensive, 459 pages. The entire case file is enormous, a whopping 80 thousand pages.
"The case will be assigned to one of the judges who will become the president of the court council. The judge's first task will be to deliver the indictment to the accused and their counsels and to solicit their response. Once their responses are received, a hearing will be scheduled, but this could take some time," Devičić told Croatian Radio.
Todorić fled to the UK in 2017 after the Croatian government launched a crackdown on Agrokor's top managers. He was extradited to Croatia a year later.
Over several decades, Todorić built a huge private business empire that included the massive supermarket chain Konzum and many of Croatia's biggest food producers. When his company became overleveraged and was teetering on the brink of collapse, the Croatian government passed a special law placing it under government-appointed management. They government argued that it was intended to prevent Agorkor from going bankrupt, which could have had a profound effect on the rest of the economy.
Todorić claims the charges against him are politically motivated.
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