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Todorić: Not a single euro has remained in my private account from private loans

Ivica Todorić, in a new post on his blog, rejects what he describes as “insinuations” from the extraordinary commissioner Ante Ramljak and claims that private loans amounting to 840 million kuna were used for the purchase of shares and payment of interest.

We are publishing the statement in full:

“I am compelled to respond to the false and tendentious assessments of the extraordinary commissioner of Agrokor, Ante Ramljak, who, in order to create a sensationalist atmosphere regarding allegedly illegal expenses, misleads the public and the institutions of the rule of law. For the truthful information of the public, I therefore emphasize the facts that are well known to Ante Ramljak, yet he maliciously interprets them.

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It is true that Agrokor d.d. personally granted me a loan and transferred 650 million kuna. However, it is also true that this money simultaneously went to the EBRD for the payment of their share when they exited ownership, thereby purchasing Agrokor shares. It is also true that Agrokor granted me a loan of 192 million kuna, as it is true that this money was simultaneously transferred for the interest of Pik toggle creditors. Not a single euro has remained in my private account. There is all valid documentation for these transactions in Agrokor, and there has been no hiding or illegal payments as insinuated by Ramljak.

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If the Government had not prevented me from restructuring and managing the Group with the unconstitutional Lex Agrokor, all obligations would have been settled from the created value of my company. Also, all expenses mentioned by Ramljak in his presentation have been taxed and are legally completely transparent. It is also a fact that there are questionable items in the accounting and auditing standards throughout the entire report of the extraordinary administration of Agrokor, about which I will, after a thorough analysis, provide my comprehensive review,” announces Ivica Todorić on his ‘official blog’.