The Croatian oil company INA confirmed on Friday that a probe had been carried out into INA CEO Bojan Milkovic as part of ongoing criminal proceedings. According to media reports, Milkovic was arrested today for taking bribes at the time when he was president of Crosco, an on- and offshore drilling and well services contractor which is part of INA Group.
INA said in a statement the ongoing criminal proceedings were not related to INA's operations or to Milkovic's position as INA Chief Executive Officer. Milkovic was appointed to that post in June 2009.
The oil company also said that it would fully cooperate with judicial authorities and provide them with all necessary information.
Milkovic was chairman of Crosco's Management Board and Crosco CEO from March 2005 to June 2009.
