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Reuters
Reuters
Business

Croatia detains five people suspected of cheating oil and gas firm INA

A court in Zagreb has ordered five people to be kept in custody for a month for questioning over a suspected fraudulent trade deal that lost Croatia's oil and gas firm INA 1 billion kuna ($132 million), local media said on Monday.

Anti-corruption authorities arrested the five, including an INA manager, on Saturday over the formation of a company accused of receiving low-priced supplies from mid-2020 to mid-2022 then selling them abroad for a huge profit.

The gang made gains of 800 million kuna, which they invested in property, Croatia's USKOK anti-fraud agency said.

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