On August 31, 2011, former Croatian prime minister Ivo Sanader was indicted on corruption charges by the Croatian Bureau for Combating Corruption and Organized Crime (USKOK). Sanader is accused of accepting a 3.6 million kuna (nearly USD $695,000) pay-off from Austria's Hypo-Alpe-Adria-Bank. Led by Sander, Croatia then entered into a loan agreement with the bank to receive 140 million Austrian Schillings (USD $14.7 million), placing the bank within the Croatian market. Sanader was arrested in Austria in December 2010. He was extradited to Croatia in July 2011. Sanader had appealed the extradition request but eventually dropped the appeal.
Subscribe to This Day at Law alerts via R|mail. Enter your e-mail address below. After subscribing and being returned to this page, please check your e-mail for a confirmation message.
MyBlogAlerts also e-mails alerts of new This Day at Law entries. It's free and fast, but ad-based.