Skip to content


Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Croatia to try energy exec in absentia for role in bribery scandal

MOL chairman Zsolt HernadiZsolt Hernadi, chairman of Hungarian energy group MOL, will be tried in absentia on graft charges linked to MOL’s purchase of Croatian oil and gas firm INA, a Croatian court said Tuesday.

“The indictment against Hernadi has been confirmed and he will be tried in absentia,” according to  Kresimir Devcic, the Zagreb county court’s spokesman.

A report in Petro Global News said Hernadi is charged with giving former Croatian prime minister Ivo Sanader $13.62 million in exchange for MOL gaining management control over INA, without formally becoming its majority owner.

Its dominant management position was formalized in a shareholder agreement signed in 2009.

Sanader has already been sentenced to 10 years in prison in the same bribery case.

The Croatian government now owns under 45 percent of INA, while MOL owns around 50 percent.


Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.

Share this post


Comments are closed for this article!