UK choose denies Agrokor founder permission to enchantment towards extradition

LONDON (Reuters) – A London courtroom dominated on Thursday that Ivica Todoric, founding father of beleaguered meals manufacturing and retail conglomerate Agrokor, shouldn’t be allowed to enchantment towards his extradition to Croatia to face allegations of fraud involving tens of thousands and thousands of euros.

Croatian businessman Ivica Todoric emerges from the Royal Courts of Justice with one in all his authorized crew, Cherie Booth, after the courtroom dominated on his extradition, in London, Britain, October 25, 2018. REUTERS/Henry Nicholls

Todoric is being investigated in Croatia over the disaster at Agrokor, the most important personal company within the Balkans with about 60,000 workers.

He denies any wrongdoing and says Croatia has launched a politically motivated course of towards him.

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“Whilst I am very disappointed by today’s ruling, it will not stop me from exposing rampant corruption at the very top of the Croatian government and holding those involved accountable,” Todoric stated after the listening to on the High Court.

“I will not be intimidated by the politically and financially motivated attacks against me,” he added.

Agrokor was put underneath state-run administration greater than a yr in the past after an excessively formidable enlargement drive left it weighed down by borrowings.

An audit by PricewaterhouseCoopers (PWC) confirmed a web loss in 2015 of three.6 billion kuna ($565 million) towards a web revenue of 1.2 billion kuna launched by the earlier administration.

Todoric’s extradition was accepted by a London courtroom in April.

Reporting By Alistair Smout; writing by Andrew MacAskill; modifying by Stephen Addison

Our Standards:The Thomson Reuters Trust Principles.

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