Interpol Red Notice issued for Zsolt Hernadi, CEO of Hungary’s Energy Group MOL

Reuters on October 1, 2013 released the following:

Croatia issues Interpol arrest warrant for CEO of Hungary’s MOL

Oct 1 (Reuters) – Croatia issued an Interpol arrest warrant for the chief executive of Hungarian energy group MOL, Zsolt Hernadi, on bribery charges, state news agency Hina reported on Tuesday.

Croatia’s former prime minister, Ivo Sanader, was found guilty last year of accepting a 5 million euro ($7 million) bribe in 2008 from MOL in exchange for granting it a dominant position in oil and gas firm INA even without it buying a majority stake.

Sanader has filed an appeal. Both MOL and Sanader firmly deny the accusations.

Croatia also issued a European Arrest Warrant for Hernadi, Hina said, which makes it more likely that he would be handed over to Croatia by any other EU state.

No one at the national police headquarters in Zagreb was immediately available to comment. A MOL spokesperson declined to comment.

The warrants were issued after Hernadi failed to appear for questioning in Zagreb last month in a bribery case. A Croatian court issued a detention order last week – a precondition for issuing an international arrest warrant – citing flight risk.

Hungarian authorities have refused two requests from Croatia to question Hernadi, citing the protection of national interests and saying there was no legal reason to do so.

Hungary’s own investigation in 2011-12 found that neither MOL nor its officials played any role in the alleged bribery.

Hernadi has also denied any wrongdoing.

MOL owns close to 50 percent of INA, while the government owns almost 45 percent. Croatia says MOL’s management rights are excessive and that the Hungarian company has failed to invest adequately in INA’s development.

The two started negotiating a new shareholder agreement last month.”

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Douglas McNabb – McNabb Associates, P.C.’s
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To find additional global criminal news, please read The Global Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition Defense, OFAC SDN Sanctions Removal, International Criminal Court Defense, and US Seizure of Non-Resident, Foreign-Owned Assets. Because we have experience dealing with INTERPOL, our firm understands the inter-relationship that INTERPOL’s “Red Notice” brings to this equation.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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