Last updated: October 07. 2013 1:36PM - 160 Views
Associated Press

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(AP) A Budapest court has rejected a European arrest warrant issued by Croatia for the head of Hungary's main oil company, who is wanted for his alleged involvement in a bribery case.

MOL Rt. chairman and chief executive Zsolt Hernadi is wanted due to allegations he bribed former Croatian Prime Minister Ivo Sanader in 2008, while Sanader was still in office, to gain control of INA, the Croatian oil company partly owned by MOL.

Hungarian prosecutors said Monday the warrant and the extradition request were rejected by the court because their investigation did not find evidence of the charges made against Hernadi in Croatia.

Hernadi and MOL deny the allegations. Sanader is serving a 10-year prison sentence since being found guilty last year of accepting a 5 million-euro bribe from MOL.

Associated Press
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