Ex-PM of Croatia gets 2 ½ years for war profiteering

Former Croatian Prime Minister Ivo Sanader was found guilty of war profiteering during the 1992-95 war. (Reuters)
Updated 22 October 2018
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Ex-PM of Croatia gets 2 ½ years for war profiteering

  • The County Court of Zagreb ruled that Sanader also must return about half a million euros ($570,000) in kickbacks he took in a deal with Austria’s Hypo Bank in the 1990s
  • The court said Sanader, who was deputy foreign minister at the time, was guilty of war profiteering because he acted for his own benefit rather than Croatia’s during its 1992-95 war

ZAGREB, Croatia: A Croatian court on Monday sentenced former Prime Minister Ivo Sanader to 2 ½ years in prison for war profiteering following his retrial in the high-profile corruption case.
The County Court of Zagreb, the capital, ruled that Sanader also must return about half a million euros ($570,000) in kickbacks he took in a deal with Austria’s Hypo Bank in the 1990s.
The court said Sanader, who was deputy foreign minister at the time, was guilty of war profiteering because he acted for his own benefit rather than Croatia’s during its 1992-95 war.
Sanader went on to serve as prime minister from 2003 to 2009. He is the highest-ranking official tried for corruption in Croatia.
Monday’s sentence was shorter than the three years Sanader received previously. Sanader’s lawyers said they would appeal.
“We believe that the verdict is absolutely baseless,” lawyer Cedo Prodanovic said.
Croatian state TV says Sanader was acquitted Monday in a separate corruption case. Altogether, prosecutors had filed five corruption cases against Sanader since 2010.
The ex-prime minister was the leader of the ruling conservative Croatian Democratic Union party.


Malaysia’s prime minister says globalization needs fixing

Malaysia Prime Minister Mahathir Mohamad speaks during the APEC CEO Summit 2018 at the Port Moresby, Papua New Guinea, 17 November 2018. (REUTERS)
Updated 17 November 2018
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Malaysia’s prime minister says globalization needs fixing

  • Malaysian PM: “The trade war between the US and China has amplified further the disruption to our trade and commerce”

PORT MORESBY: Malaysian Prime Minister Mahathir Mohamad on Saturday said nations needed to reevaluate globalization and economic integration because it was leaving some people behind and fueling inequality.
Speaking at the Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea, Mahathir called for a more level playing field on trade between rich nations and the developing world.
“The benefits of free and fair trade and economic integration have been ruptured, exemplified by Brexit and trade wars between major economies,” Mahathir said.
“The trade war between the US and China has amplified further the disruption to our trade and commerce.”