30 Dec 2019

MOL Group comment on the verdict of the Sanader-case

MOL Group expressed utter disappointment at the verdict of the Zagreb County Court concerning the Sanader-case.

The company is disappointed as the existing decisions of the Hungarian authorities and those of the UN Tribunal in Geneva concluded that there was no wrongdoing by any MOL Group officer.  

MOL still insists that the previous arguments that vindicated the company concerning any suggestion of improper business conduct be upheld and will therefore defend against any allegations of illegal practices by any and all measures.  

The Chairman and CEO continues to have the full support and confidence of the MOL Group boards. MOL’s strategy towards INA remains unaffected a fact proven by the approval of a USD 600 mn investment decision on the Residue Upgrade project in Rijeka. 

Earlier decisions in the Sanader-case 
2011: Responding to the Croatian allegations, the Central Bureau of Investigation of the Hungarian Chief Public Prosecutor’s Office launched an investigation against an unknown perpetrator on suspicion of the felony of corruption intended for dereliction of duty in international relations. The Chief Prosecutor’s Office concluded that no felony had been perpetrated in the interest of and by the executives of MOL, and therefore discontinued the investigation in the lack of any criminal offence.  

2015: The Croatian Constitutional Court repealed the ruling passed down in the criminal case against former Croatian prime minister Ivo Sanader, which had also concluded that the former prime minister accepted a graft in connection with INA. The court noted multiple gross procedural errors and obligated the Zagreb County Court to start the court proceeding over. 

2016: MOL received the Final Award in the UNCITRAL (United Nations Commission on Trade Law) arbitration against the Republic of Croatia by which the Tribunal dismissed all Croatian claims. Concerning bribery allegations, the Tribunal explicitly concluded that all alleged bribery fails. 

2018: The Budapest Court of Justice refused to execute European Arrest Warrant for Zsolt Hernádi issued by the Croatian authorities with the explanation whereby “in case the defendant is handed over, there is a risk that his right to a fair hearing would be infringed upon, and the impartial consideration of the case could not be ensured.