Damir Polancec

Polancec et al. acquitted of "Spice" graft charges; 4 guilty of SMS loan

Former Deputy Prime Minister Damir Polancec et al. in a corruption case dubbed Spice were on Monday acquitted of corruption charges of defrauding the Koprivnica-based Podravka food company of HRK 400 million (approx. 53.3 million euros), however, four of the defendants were found guilty of damaging Podravka through lending 65 million to the Split-based SMS food company, according to a ruling delivered by the Zagreb County Court.