An international arrest warrant which had been put out for the head of Hugary’s MOL Group has not been renewed.
Zsolt Hernadi had been indicted in Croatia for allegedly bribing the country’s former Prime Minister Ivo Sanader to allow MOL to have a more dominant role in the energy firm INA.
Both MOL and the Croatian government are the biggest shareholders in INA.
In a statement, MOL said the decision by international police organisation Interpol had confirmed there was no wrongdoing.
A spokesman said:”We have repeatedly rejected any suggestion of improper business conduct and we continue to view this case as politically motivated. We welcome the decision of Interpol which was adopted following a comprehensive review of the case.”
According to Croatia’s indictment, Sanader received $10.6million as a bribe from MOL.
He denied any wrongdoing and last year it was ruled there must be a retrial due to errors.
He was initially sentenced to eight-and-a-half years in prison. Due to health reasons Sanader’s renewed trial is currently on hold.