MOL says Croatia's legal step against its CEO contradicts EU law

Reuters

BUDAPEST, Oct 2 (Reuters) - Croatia's legal action againstHungarian oil and gas group MOL's chief executive and chairmanZsolt Hernadi contradicts European Union law and MOL will defenditself "by all legal means", MOL said on Wednesday.

On Tuesday Croatian state news agency Hina reported thatauthorities issued an Interpol arrest warrant for the chiefexecutive of MOL on bribery charges. MOL has deniedthe accusations.

"Whilst Croatia may be at liberty to do so under nationallaw, we maintain that the manner in which the Croatianauthorities are currently proceeding is in contradiction tosupra-national European law, which provides for an EU-widecommon regime, and which Croatia has opted to be legally boundby through accession to the EU earlier this year," MOL said in astatement.

MOL also said it would defend itself by all legal means.

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