Member of ZABA's
Oversight Committee, Jaksa Barbic, on both sides of ZABA-INGRA
"Eternal" Oversight Committee member Jaksa Barbic, who has
held positions in ZABA in continuity since its
transformation into a shareholding company, and who is at
the same time Vice-President of ZABA's Main Shareholder
Assembly, is also a member of INGRA's Oversight Committee.
would not be an issue were not ZABA and INGRA involved in a
legal battle involving 18 million kunas (about 2.2 million
euro), which could have a major effect on INGRA's financial
position. In this dispute, INGRA has sued ZABA for lost
profits, as ZABA has recorded INGRA's ZABA shares as
security, without any grounds whatsoever. As a result, INGRA
could not sell them at a market price. This can be seen on
page 6 of INGRA's "Abridged Prospect" of November 2005,
which was submitted to the Zagreb Stock Exchange (http://zabaraba.com/htm/b25010-01.html).
This is obviously one more example of how ZABA has become
its own owner and how ZABA's original founders have been
LIST OF FOUNDING SHAREHOLDERS OF ZAGREBAČKA
This also shows how ZABA send sits emissaries to
still-existing damaged firms. Thus, Jaksa Barbic is sitting
on the INGRA Oversight Committee with the obvious task of
further damaging that firm and making sure that INGRA's suit
against ZABA never turns out favorably.
This also shows
that the Zagreb Stock Exchange, to which
has been made available, and which has not reacted to this
conflict of interest, is not conducting its oversight role
according to the law.