<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>UK authorities have extradited Ivica Todoric, the founder of a deeply indebted food and retail company, to Croatia.</p>
<p>A year after Todoric was detained in London on embezzlement charges, the 67-year-old landed in Zagreb on a commercial flight from London and was escorted by police to a prison in the Croatian capital.</p>
<p>Todoric is accused in Croatia of mismanaging the Agrokor company and embezzling millions. He was arrested in the capital a year ago under a European Arrest Warrant, but was set free on a £100,000 bail the same day he was arrested.</p>
<p>He has maintained his innocence, claiming that he was the victim of rampant corruption at the heart of power in his country. A London court rejected his appeal last month and agreed to send him to Croatia.<br />
Agrokor is a massive concern whose tentacles stretch throughout the Balkans. It employs 60,000 people and accounts for 15% of Croatia’s GDP.</p>
<p>It has collapsed under the weight of 6 billion euro (£5.23 billion) in debt, including a disputed sum owed to two Russian state-run banks, Sberbank and VTB. It was put into state administration a year ago. Agrokor creditors this year approved a settlement deal that includes giving the two banks a stake of over 46% to avoid bankruptcy.</p>
<p>It has prompted fears in Croatia that the Kremlin has been strategically trying to increase its political influence in the European Union’s newest member through Agrokor’s troubles.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68e3302962b04">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68e3302962b04',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.