Agrokor Says It Failed to Report $616 Million of Liabilities
- Company pressed criminal charges on earlier accounting errors
- Group releases consolidated loss figures for full-year 2016
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Agrokor d.d., the conglomerate under the largest state-led restructuring in Croatian history, failed to report more than 3.9 billion kuna ($616 million) of liabilities at the end of 2015, according to a company report published on Monday.
The firm released audited results for 2016 and reviewed financial reports for the previous years, confirming earlier warnings from Ante Ramljak, a government-appointed commissioner, that the original results may have contained irregularities.