Percorso:ANSA > Nuova Europa > News > London court agrees to extradite tycoon to Croatia
London court agrees to extradite tycoon to Croatia
Ivica Todoric was the founder of Agrokor
25 October, 19:37
(AP-ANSA) - LONDON - A London court has agreed to extradite
the founder of an indebted Croatia-based food and retail company
who is the country's most-wanted fugitive. Ivica Todoric was
arrested in London in November under a European arrest warrant
posted by Croatia, which accuses him of mismanaging the Agrokor
company and embezzling millions. Todoric has claimed he is
innocent and has sought to appeal the extradition. The High
Court in London rejected the motion on Thursday, paving the way
for his handover to Croatia. Agrokor employs 60,000 people
throughout the Balkans and accounts for 15 percent of Croatia's
GDP. It has collapsed under the weight of 6 billion euros in
debt ($7 billion) and was put into state administration over a
year ago. (AP-ANSA).
© Copyright ANSA - All rights reserved
