Suncani Hvar

Orco executive leaves police offices after questioning

04.01.2011 u 22:53

Bionic
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The Chief Executive Officer of Orco Property Group, Jean-Francois Ott, on Tuesday evening left the police offices in Heizelova Ulica Street after he was interviewed by the police, Aleksandra Ljuba from the Interior Ministry's public relations office said this evening.

Upon the departure from the police headquarters, Ott said that he believed that he had been interviewed as a witness about business operations in the Suncani Hvar hotel company since 2005,

He expressed his readiness to continue cooperating with the Croatian police, the Croatian national broadcaster (HTV) reported.

The police in the Croatian Adriatic city of Split on Tuesday afternoon pressed charges against six people on suspicion that they embezzled HRK 16 million from the Suncani Hvar company, the Split-Dalmatia county police reported.

Upon the arrival of the Orco Property Group in the Croatian company, headquartered on the island of Hvar, in accordance with an agreement on public and private partnership with the Croatian privatisation fund, the suspects allegedly breached business regulations in the period from 2005 to 2008 and encumbered the hotel company's property with unnecessary costs in order to acquire unlawful gain for companies inside the Orco Property Group, according to the police report.

The police suspect that those people perpetrated a number of white collar crimes.

The police investigation is going on.

Orco Group holds 55.5 percent of shares in the Suncani Hvar.