Croatian Ex-PM Sanader Indicted for Graft in Hypo Bank Case
Croatia indicted former Prime Minister Ivo Sanader for taking bribes from Austria’s Hypo Alpe- Adria-Bank International AG in exchange for facilitating loans to Croatia.
Sanader is accused of taking a bribe of 3.6 million kuna ($690,000) from the Austrian bank between 1994 to 1995, when he was deputy foreign minister in the Croatian Democratic Union government, the Prosecutor General said today in a statement on its website.
In exchange, the Croatian government at the time took a loan of 140 million Austrian schilling from Hypo bank, it said.
Sanader was elected prime minister in 2003 and 2007 and left his post without explanation in July 2009. He is under suspicion for corruption and abuse of power in several cases involving state companies and Croatian refiner INA Industrija Nafte d.d.
Sanader testified yesterday that he didn’t take a bribe from Mol Nyrt. to give the Hungarian refiner control of Croatia’s INA Industrija Nafte d.d..
He was arrested in Austria in December and extradited to Croatia in July.
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