Alexa
  • Directory of Taiwan

Croatian ex-deputy PM charged with financial scam

Croatian ex-deputy PM charged with financial scam

Croatian anti-corruption office has indicted former deputy prime minister with a financial scam and abuse of power.
Damir Polancec, who also was economics minister until resigning last October, was already detained in March when the probe began.
The Office for Preventing Corruption said in a statement Thursday that he and seven others are charged with uniting to commit a crime. It says that between 2005 and 2009, they used a financial scam to pump out the money from the profitable food company Podravka to buy its shares for themselves.
It says they embezzled 400 million kuna ($71 million) from Podravka. Polancec is the first senior official being charged for corruption.


Updated : 2021-06-18 10:39 GMT+08:00