Police start prosecution in hidden privatization of Slovak Airlines

POLICE started prosecution procedures in the alleged hidden privatization of Slovak Airlines (SA) by Austrian Airlines (AUA), based on a motion filed by MP Branislav Opaterný of the Free Forum party, the daily SME reported.

AUA gained an almost 62-percent stake in SA with the agreement of Transport Minister Pavol Prokopovič after the Austrians guaranteed an Sk200 million (€5.3 million) loan that SA took to avoid bankruptcy.

In January last year AUA then increased SA's assets by Sk114.6 million (€3 million). For this sum they gained a controlling majority in SA. According to Opaterný, by enabling this, Prokopovič has damaged the state.

"They sold state property without a proper cabinet or parliamentary decision," says Opaterný.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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