Horvatinčić Withdraws Lawsuit against Celakoski

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More than two years after he filed a private lawsuit on defamation charges against activist of the Right to a City initiative Teodor Celakoski, the plaintiff Tomislav Horvatinčić withdraw his complaint on the hearing of September 6, 2012, thus completing the litigation intended to ensure court order to silence the public protest regarding various suspicious activities surrounding the “Cvjetni” Project.

Teodor Celakoski (Photo taken from Zelena Akcija website)

The activists of the Right to a City initiative (Pravo na grad), in a public statement, nevertheless warn the public and competent institutions about the officially unresolved and undisclosed circumstances of the €15 million loan that Horvatinčić, allegedly from his own pocket, secured for his HOTO GROUP company.

On June 14, 2010, the activists filed an initiative to the national Bureau for Prevention of Money Lanudering to investigate the origin of the money used by Horvatinčić to secure a private loan to his company which were needed to ensure the realization of the loan the company received from the Hypo-Alpe-Adria Bank.

“According to publicly available information and media reports, Horvatinčić was burdened by a series of failed projects and we find it suspicious, to say the least, that he was able to raise €15 million in cash for the loan”, Right to a City initiative says.

The activists called on competent institutions to stop protecting the powerful and the rich and to take legal actions to disclose the financial background of the “Cvjetni” project and inform the public about all actions they took. (Source: Right to a City initiative)