A Hungarian court cleared Mol Nyrt. Chairman Zsolt Hernadi of bribery charges in the acquisition of Zagreb-based refiner INA Industrija Nafte d.d., as Croatian authorities pursue the company’s chief in a parallel case.
Zsolt Hernadi, the chairman and chief executive officer of Mol Nyrt., Hungary’s largest refiner, arranged a domestic lawsuit against himself to preempt a Croatian trial, according to the transcript of a purported leaked recording of PKN Orlen CEO Jacek Krawiec.
Croatia’s Supreme Court upheld a guilty verdict against former Prime Minister Ivo Sanader for taking bribes from Hungarian refiner Mol Nyrt. and Austria’s Hypo Alpe-Adria-Bank International AG, a court official told state radio.