Croatian media claims Orco Property Group’s Vitek and former CEO Ott working together

Local Croatian media reported March 20 that in a controversial partnership between the founder of Orco Property Group, Jean Francois Ott, and the company’s majority shareholder, Czech multimillionaire Radovan Vitek, the two have come to an agreement with banks to buy out unpaid loans plaguing the troubled Suncany Hvar hotel group. ...

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Look out for the scam: real estate (Article No. 1)

Having covered scams, money laundering, mafia activities and all dark and sundry in Central Europe for more than a decade, what has often occurred to me is the simple fact that while the high-profile cases get the press (or sometimes infamously don’t), the average business rip-off is simply shrugged away as a tax on doing business here. ...

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