Croatia Police Search Agrokor Boss Home, Arrest Associates

Croatian police on Monday arrested Ivan Crnjac, the former vice-president of Agrokor, in charge of the company finances, his lawyer, Ljubo Pavasovic, told regional media hub N1.

N1 also said the police arrested Tomislav Lucic and Ljerka Puljic, former members of Agrokor's supervisory board, and Piroska Canjuga and Mislav Galic, former members of Agrokor's executive board.

Damir Kustrak, a former member of Agrokor's executive and supervisory board was not found at his home.

Shortly before 6am, the police arrived also at the Zagreb home of Ivica Todoric, the founder and owner of Agrokor - which is currently under state management owing to its poor financial state - and searched his house.

The police only found his wife Vesna and father Ante. He is currently abroad, reportedly in London.

The searches are most likely connected to huge alleged financial irregularities in Agrokor, which the state extraordinary manager, Ante Ramljak, revealed last week, as he filed criminal charges against the former management for forging financial reports.

Along with Todoric, the police are also going through the belongings of his children Ante, Ivan and Iva Balent, and her husband, Hrvoje Balent, who all lived in the same 16th-century castle overlooking Zagreb.

Todoric's children and son-in-law all held senior positions within Agrokor.

Canjuga's lawyer, Anto Nobilo, confirmed to the news site Index that the homes were being searched concerning activities related to the approval of the company's financial records between 2006 and 2017.

N1 said police suspected Todoric, his sons, his son-in-law Hrvoje Balent, and Crnjac, Puljic and Canjuga, had been concealing financial records.

N1 reported that 300 police were conducting...