The Zagreb County Prosecutor's Office has accused former Agrokor owner Ivica Todoric and 22 others of falsifying business documents to covertly finance the former conglomerate from 2010 to 2017 via factoring agreements and false promissory notes in the amount of 17.8 billion kuna (€2.3 billion).
Without naming the suspects or the companies involved, the Prosecutor’s Office said on Monday the suspects were accused of wrongdoing committed from January 4, 2010 to early April 2017 via 13 companies which obtained money for Agrokor and seven of its companies by cashing promissory notes which falsely stated that they had been issued for goods received.
The Prosecutor’s Office suspects the model represented covert financing of Agrokor and its companies when those companies were financially excessively exposed towards banks and there was a ban on banks lending to them.
At the end of August 2019, the Prosecutor’s Office filed 13 indictments against 29 persons in Agrokor suppliers for the covert financing of the former conglomerate by falsifying invoices for goods delivered.
In the meantime, Todoric and 14 others have been indicted for siphoning 1.2 billion kuna (€160 million) from Agrokor.
Early in October 2020, Todoric was sentenced pending appeal for defrauding Agrokor of €1.25 million together with three associates.
(€1 = HRK 7.5)