Podravka’s Refinancing Disputable?

County State Attorney Krunoslav Kunstic ordered police to launch a probe into the case of the disputable refinancing of the Podravska bank.

The Croatian Agency for the Supervision of Financial Services (Hanfa) has suspended for 60 days the management or burden to 7,261 shares of Podravska bank, which are registered with the Central Depositary Agency (SDA) on accounts of investors K.G., S.K. and M.Z. from Koprivnica and M.T. and M.M. from Zagreb. Hanfa suspects that the shares were appropriated illegally. 

Bank did not prevent the formation of a so-called waiting list 

After the Hanfa decision, the county state prosecution reacted and a police probe has been launched to establish whether Hanfa’s claims that the Podravska bank management had not enables all shareholders have equal treatment by not preventing the formation of a so-called waiting list to which certain shareholders registered and so were given the right of pre-emptive buying of an unlimited amount of shares in the second round.