After the Franck company issued a statement saying it was forced to ask courts to stop “scandalous” decisions by Agrokor’s extraordinary administration, Agrokor’s administrator called Francks statement itself “scandalous”.

“Of the 5700 creditors of Agrokor, Franck came out with another one in a line of scandalous press statements,” Fabris Perusko said.  

He said that Franck “creates an environment in which all creditors are turned into hostages of one creditor,” namely the Franck company, which “found itself facing problems because it “behaved like Agrokor’s bank, and not like a coffee producer”.  

“Due to their relationship with (former Agrokor owner) Todoric, they turned into Agrokor’s sponsor. They are trying to put their blame on the extraordinary administration,” he said.  

Perusko’s deputy, Irena Weber, pointed out that the debt towards the Franck company stands at 37 million Euro, 9,3 of which comes from the sales of their goods.  

“The rest is in financial bonds. Of the 9,3 million Euro, Franck was up until now paid 6,8 million Euro, which is significantly above the average considering other suppliers,” Weber said.  

“However, unfortunately, the true problem Franck has is not that debt, but the unbelievable 59 million Euros of another debt. They are directing their energy towards the destruction of Agrokor for certain interests,” she said.  

She said that Agrokor’s extraordinary administration will continue to communicate with Franck despite the press releases targeting them, but “we will not allow for their financial bonds to endanger an agreement among all creditors.” 

Agrokor’s extraordinary administration wanted to establish a permanent creditor’s council, but due to mutual tactical games between the creditors it was impossible, Perusko said, adding that Franck protested the proposed creditor’s group.  

The proposal was given to the relevant court in January, but Franck complained, and at the same time gathered authorizations so that it could enter one of the proposed groups, he said.  

“Their behavior seems more like that within a kinder-garden,” he said.