Senior officials of Croatian Privatisation Fund arrested on corruption charges
According to Croatian media, three senior officials of Croatian Privatisation Fund has been arrested for alleged corruption and fraud.
Croatian Chief Prosecutor says six people have been arrested and one more is being sought.
The Croatian Privatization Fund was established to implement and complete the privatization of former socially-owned enterprises, assets and legal persons in its portfolio wherein the state institutions State Agency for Bank Rehabilitation and Guarantee of Saving Deposits, Croatian Pension Insurance Institute, Croatian Health Insurance Institute, HEP, INA. Croatian Bank for Reconstruction and Development hold shares and business interests.
Currently, The Croatian Privatization Fund’s portfolio comprise of shares and stakes in a total of 1,112 companies, including 153 tourist companies. The equity base of these companies is HRK 177.6 billion, while the equity of the State”s portfolio amounts to HRK 21.8 billion.
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