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Nov 07, 2017 15:43 EEST
November 7 (SeeNews) - Owner of Croatia's ailing Agrokor concern, Ivica Todoric, was arrested on Tuesday morning in London, Croatia's interior ministry said.
"The Croatian police received notification that Ivica Todoric (1951) was summoned to the Charing Cross Police Station in London at 9:04 local time, where he was arrested on the basis of the European arrest warrant", the interior ministry said in a statement.
No further information was provided at this point.
Croatia Chief State Prosecutor's Office (DORH) issued a European arrest warrant for Todoric in late October.
Todoric, his two sons, and 12 other business associates are under investigation for suspected wrongdoing at Agrokor that led Croatia's largest privately-held concern to the brink of collapse earlier this year.
Todoric faces pre-trial detention in Croatia, which was ordered by a Zagreb county court last month.
The Agrokor group employs some 60,000 people throughout the states of the former Yugoslavia.
In April, the Croatian government stepped in to prevent the collapse of indebted Agrokor by appointing a receiver under a special law governing the management of companies of systemic importance for the country's economy. Todoric was stripped of his managerial rights under the law popularly known as Lex Agrokor but remains owner of the concern.
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