USKOK investigators have summoned the CEO of INA, Zoltán Áldott, and Hungarian members of the Supervisory Board, Ferenc Horváth, József Molnár, György Mosonyi, and Oszkár Világi, for an informative interview.
This is part of an investigation into the manipulation of INA’s stock prices in December 2010.
The investigation was initiated following a report from the Croatian Financial Services Supervisory Agency in 2011, when it was led by Ante Samodol.
According to unofficial sources, they were not summoned as suspects or witnesses, but rather as individuals who may have knowledge of the events related to the report.
In December 2010, MOL announced a voluntary public offer to purchase INA’s shares at a price of 2800 kuna, after which intensive trading of shares began and the price of INA’s shares rose on the Zagreb Stock Exchange. In mid-May 2011, Hanfa determined that the Hungarian MOL had manipulated the market.
Hanfa’s decision established that MOL had proclaimed and announced the possibility for INA employees and private individuals who acquired shares in the initial public offering to sell their shares to this Hungarian company at a price higher than the market price (at 2800 kuna), and that after the offer ended, it purchased INA shares at significantly higher prices (between 3650 and 4016 kuna), indicating that its primary goal from the outset was to exceed the 50% share threshold in INA, which it did not announce when publishing the general offer.
In response to Hanfa’s decision, MOL issued a statement in which it categorically rejected all allegations and accusations regarding market manipulation, emphasizing that it purchased shares legally and did not violate the law.
