Zagreb's County Court on Wednesday turned down an appeal by the USKOK anti-fraud office and upheld a decision that Mario Mamic, son of Dinamo Football Club chief executive Zdravko Mamic, can be released from custody on bail in real estate and money totalling HRK 5 million.
On Monday, the court accepted an amended bail motion for his father, who offered one property appraised at HRK 7.63 million and over HRK 6.3 million in cash. USKOK has until Thursday to appeal and whether Zdravko Mamic will be released will not be known before Friday.
Zdravko and Mario Mamic, businessmen Sandro Stipancic and Igor Krota, and Croatian Football Federation executive director Damir Vrbanovic are suspected of having siphoned more than 10 million euros and 500,000 pounds sterling from Dinamo through off-shore companies since 2004. USKOK alleges that Mario Mamic, Stipancic and Krota were in charge of those operations.
USKOK claims that the suspects made fictitious agreements and contracts between Dinamo and companies from Switzerland, Great Britain and Hong Kong on the takeover of Dinamo's fictitious debts to players and on fictitious brokering services in player transfers, which were signed on Dinamo's behalf by Zdravko Mamic and Vrbanovic.
Stipancic and Krota have been set bail of HRK 4 million and HRK 2 million respectively, while Vrbanovic was released from custody immediately after the investigation was launched.
(1 euro = 7.6 kuna)