František Mojžiš, the owner of the crashed Drukos BDV pyramid fund in which 40,000 people lost an estimated four billion crowns ($90 million) this spring, has sold his stake in the firm for a nominal sum to the Dutch Telean Investments.
Mojžiš has promised the new owners could begin repaying client deposits as early as next month, with full principals and interest to be returned over two to four years.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
