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is a Croatia
Croatia , officially the Republic of Croatia , is a unitary democratic parliamentary republic in Europe at the crossroads of the Mitteleuropa, the Balkans, and the Mediterranean. Its capital and largest city is Zagreb. The country is divided into 20 counties and the city of Zagreb. Croatia covers ...
n politician. Polančec served as the Vice Prime Minister and Minister of Economy, Labour and Entrepreneurship in the Croatian Government of Ivo Sanader
Ivo Sanader |Split]]) is a Croatian politician who served as the Prime Minister of Croatia from 2003 to 2009.Sanader obtained his education in comparative literature in Austria, where he also later worked in the 1980s. He worked as a journalist, in marketing, publishing and also as a private...
and later Jadranka Kosor
Jadranka Kosor is a Croatian politician and former journalist. She is the current Prime Minister of Croatia, having taken office on July 6, 2009, following the sudden resignation of her predecessor Ivo Sanader. She is Croatia's first female Prime Minister since independence.-Early life:Jadranka...
between 2003 and 2009.
On October 30, 2009, Polančec resigned citing a need to avoid damaging the Government and the party (Croatian Democratic Union
The Croatian Democratic Union is the main center-right political party in Croatia. It is the biggest and strongest individual Croatian party since independence of Croatia. The Christian democratic HDZ governed Croatia from 1990 to 2000 and, in partial coalition, from 2003...
, HDZ) due to accusations leveled at him for his involvement in the mismanagement of Podravka
Podravka is a food company based in Koprivnica, Croatia. It produces the rather well-known product Vegeta, amongst thousands of other products in its diverse catalogue.Podravka brands:*Vegeta and Warzywko - original condiment...
On March 30, 2010, Polančec was apprehended by the police and questioned by USKOK
USKOK is a Croatian government institution. It is a State Attorney office specialized in corruption and organized crime.USKOK started work in December 2001...
, regarding his involvement in certain financial transactions between Podravka, MOL Group and OTP Bank
OTP Bank is the biggest commercial bank in Hungary, operating in Central and Eastern Europe. The bank provides universal financial services for more than 13 million costumers, through nearly 1500 branches in 9 countries....
The County Court in Zagreb authorized a longer detention for Polančec and also blocked his estates, at the request of USKOK.
On October 15, 2010, Polančec was sentenced to 15 months in prison for a separate instance of abuse of power, where he approved a fictional expense to a Vukovar-based attorney in return for his clients dropping lawsuits against the government.