Court judge arrested in €4m corruption investigation

NEWS 17.02.2021 14:03
Source: N1/Ilustracija

Croatian police arrested several people on Wednesday on suspicion of wrongdoing in bankruptcy proceedings, including a judge of the Commercial Court in Zagreb, local media reported.

Anti-corruption police Uskok issued a press release on Wednesday saying that the case involved several people suspected of several counts of abuse of office, abetting abuse of office, abuse of trust in business activity, and money laundering.

The state attorney’s office confirmed that a commercial court judge was among those arrested and that the State Judicial Council had approved stripping him of immunity from prosecution. Judge Mihael Kovacic is suspected of wrongdoing in bankruptcy proceedings, sources close to Uskok said. Identities of other persons arrested have not been disclosed.

Under Croatian law, companies which declare bankruptcy get court-appointed managers who then negotiate debt repayments with creditors.

According to Vecernji List daily, the persons arrested on Wednesday are suspected of siphoning some 30 million kuna (€4 million) from accounts of companies they had been appointed to manage.

(€1 = 7.56 kuna)


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