Fraud on Krk. Scams on the stock market? Blocked Russian capital (linked to Putin) returns to the Republic of Croatia through shell companies and the Croatian elite.

[3 min čitanja]

The legal entanglements surrounding the 22 ha land on the island of Krk are slowly unraveling.

Just today, the shares of Hotel Haludovo Malinska dd grew by 18%.

It is very likely that it will become a political topic in the parliamentary benches relatively quickly, the media reported on the topic in a somewhat limited way yesterday.

After 20 years of stagnation, the renovation of Boris Magaš’s architectural mega project is underway. One of the most influential and significant Croatian architects of the last century.

During this investment by the Russian Oligarch Are Abramjan, through the company "Futura engineering" which is owned by Mr. Cermak, the renovation of the complex worth hundreds of millions of euros is planned. The Republic of Croatia is trying to go under the EU’s radar because suspicious Russian assets and capital have been sanctioned.

There are a few articles about the previous ownership structure, but also official documents, Hanfa, Stock Exchange, the most important thing is that it is a plot of 22 hectares, which was sold well below the price during the privatization of the property "Shipping company". At the beginning of the 2000s. Since then, nothing has happened except informing the President and the Prime Minister about the intention of the Russians to invest, until the last couple of months.

The Russians have been trying to invest independently for a couple of years, but due to sanctions and pressure "Snow" clearly stricter control of Russian capital was demanded. Now that’s capital "check them out" through General Cermak’s company, where the director is Mr. Joško Klisović (SDP). Among the shareholders is the richest Croat.

The company that claims the land of 22ha is listed on the Zagreb Stock Exchange. The details are easily verifiable.

I think there is still a lot left unexplained. However, according to publicly available information, very interesting personalities were included, and Prime Minister Plenković and President Milanović were also informed. However, there are no questions or statements yet.

It will be interesting to see if the story will be covered up quickly or if it will drag on a bit. I certainly doubt that anything fair and just will be done.