- A court in Zagreb on Monday ordered the detention of five people on suspicion of defrauding Croatia’s national oil company INA of more than a billion Croatian kunas (US$133 million) by reselling the company’s gas abroad for 10 times the purchase price and keeping the profits.
- The five suspects are accused of selling INA’s gas to a small company owned by one of them which then resold it to foreign customers for 10 times the price and pocketing the difference.
- Croatia is endowed with prime opportunities in onshore and offshore oil and gas production as well as liquefied natural gas (LNG) and its accompanying transportation infrastructure.
Croatian Energy Company Caught Up In Massive Gas Fraud
