Bloomberg News

Croatian Ex-Premier Sanader’s Hypo Case Trial to Begin Oct. 28

October 14, 2011

Oct. 14 (Bloomberg) -- The trial of former Croatian Premier Ivo Sanader, who is accused of taking bribes from Austria’s Hypo Alpe-Adria-Bank International AG, will begin Oct. 28, judge Ivan Turudic said today in Zagreb.

Sanader is accused of taking a bribe of 3.6 million kuna ($690,000) from the Austrian bank between 1994 to 1995, when he was deputy foreign minister. In exchange, the Croatian government at the time took a loan of 140 million Austrian schillings ($14 million), the Alpine nation’s currency at the time, from Hypo bank, the Prosecutor General said on Aug. 31.

Sanader was elected prime minister in 2003 and 2007 and left his post without explanation in July 2009. He was also indicted for corruption and abuse of power in a case involving Croatian refiner INA Industrija Nafte d.d and Hungary’s Mol Nyrt.

He was arrested in Austria in December and extradited to Croatia in July.

--Editors: Alan Crosby, Matthew Brockett

To contact the reporter on the story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for the story: James M. Gomez at jagomez@bloomberg.net


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