Hungary's Capital Court Acquits MOL’s Hernádi

  • 27 May 2014 9:00 AM
Hungary's Capital Court Acquits MOL’s Hernádi
The Capital Court yesterday acquitted MOL chairman and CEO Zsolt Hernádi on charges of international bribery, in a civil case brought by a disgruntled shareholder.

Ilona Bánhegyi, the former legal counsel of the energy company, filed suit in December, seeking compensation for losses on her MOL shares, arguing that the price has declined considerably due to reports that Hernádi had bribed a Croatian prime minister in 2009 in order to gain management control of energy company INA.

Once the ruling becomes final, it will be binding throughout the EU. This means that it would not be possible for Croatian courts to try Hernádi on the bribery charge.

Croatian courts have convicted former prime minister Ivo Sanader of bribery in the case.

Source: Hungary Around the Clock

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