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Croatia's indebted tycoon released after paying bail

Nov 20, 2018 - Associated Press

ZAGREB, Croatia (AP) - A Croatian court says a tycoon who founded a deeply indebted food and retail company should be released from jail after he deposited a one-million-euro bail ($1.1 million.)

The County Court in Zagreb said Tuesday that Ivica Todoric must hand in his passport to authorities and won't be allowed to leave the capital pending the end of his trial.

Todoric is accused of mismanaging the Agrokor company and embezzling millions. He rejects the charges.

He was arre...