Ducký bill on auction

AN AUCTION for one of the infamous "Ducký bills" - promissory notes signed against the SPP gas utility by its murdered former director, Ján Ducký - will be held on June 13 in Prague.

The auction was initiated by Bolzano Enterprises, a firm registered in the British Virgin Islands. The firm owns the promissory note.

According to expert estimates, the value of the bill, which obliges SPP to pay the bearer a billion Czech crowns (Sk1.3 billion), is 310 million Czech crowns (Sk412 million).

Ducký, an economy minister in the 1994-1998 Vladimír Mečiar government, was murdered by an unknown assailant in January 1999 at his Bratislava apartment building. It was later discovered that he had signed dozens of similar bills while SPP director, committing the utility to billions of crowns in payments.

SPP is still fighting several of the bills in court.

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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