Croatia’s richest businessman was arrested on Tuesday in Britain amid allegations he embezzled millions from his large retail company, leading it into a massive bankruptcy that is now an issue of national concern in Croatia and the Balkans, the Associated Press reported. Ivica Todoric, the founder of Croatia’s biggest private food and retail company, Agrokor, appeared in Westminster Magistrates’ Court, where his lawyer said he will fight extradition to Croatia. District Judge Richard Blake granted Todoric freedom on 100,000 pounds ($132,000) bail.
