MOL, the Hungarian oil group, is sticking to its guns. In a statement on Wednesday the company categorically rejected the findings of a Croatian court in which Croatia’s former prime minister Ivo Sanader was found guilty of corruption – including taking bribes from MOL.
Railing against the “factual misconceptions” of the ruling, it is planning to provide Zagreb with further information, looking forward to the appeal that Sanader is widely expected to lodge and reserving its rights to “take action internationally”. But in the meantime, investors are taking a cautious line – the shares are down 3 per cent since the judge delivered his verdict.
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