Agrokor founder loses appeal against extradition to Croatia

Ivica Todoric lost an appeal against his extradition to Croatia to face allegations of fraud involving tens of millions of euros at a London court.

Ivica Todoric, the founder of beleaguered food production and retail conglomerate Agrokor, lost an appeal against his extradition to Croatia to face allegations of fraud involving tens of millions of euros at a London court on Thursday.

Todoric is being investigated in Croatia over the crisis at Agrokor, the largest private company in the Balkans with about 60,000 employees.

He denies any wrongdoing and says Croatia has launched a politically motivated process against him.

A London court in April ordered his extradition.