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Six people suspected of HRK 16 million fraud and other wrongdoing in Suncani Hvar company

Autor: mses
SPLIT, Jan 4 (Hina) - The police in the Croatian Adriatic city of Split on Tuesday afternoon pressed charges against six people on suspicion that they embezzled HRK 16 million from the Suncani Hvar company, the Split-Dalmatia county police reported.

Upon the arrival of the Orco Property Group in the Croatian company, headquartered on the island of Hvar in accordance with an agreement on public and private partnership with the Croatian privatisation fund, the suspects allegedly breached business regulations in the period from 2005 to 2008 and encumbered the hotel company's property with unnecessary costs in order to acquire unlawful gain for companies inside the Orco Property Group, according to the police report.

The police suspect that those people perpetrated a number of white collar crimes.

The police investigation is going on.

Jean-Francois Ott, the Chief Executive Officer of the Orco Group, which holds 55.5 percent in the Suncani Hvar, was being questioned by the police in Zagreb.

(Hina) ms

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