The Cooking Of Agrokor’s Books

Croatia, the War, and the Future

Agrokor Headquarters Zagreb Croatia

Croatia’s government claims that the results of the financial audit (first audit report released Thursday 5 October 2017) of key companies within Croatia’s ailing concern Agrokor justify the adoption of special law on extraordinary administration, which saw the state take control of the privately-held concern in April. My blogpost at that time emphasised an analysis that “when the government of a former communist country (Croatia) brings about and takes over with forced administration a calamitously failed private company (it subsidised and helped along the way as did the communist Yugoslavia regime via nationalisation of private assets and borrowed money injections) the gut tells you, regardless of the threat of thousands of job losses if that company sinks, you’re more than likely dealing with attempts of cover-ups of major incompetence, possible embezzlement come thefts and politically driven paths to sell and hand over the company…

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