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Motions filed for BMG bankruptcy

The Košice regional court has received three motions that bankruptcy be declared on troubled investment fund BMG Invest, whose closure last week raised fears over Sk4 billion in client deposits could be lost. The court may take up to a month to decide whether to approve the motions due to the complexity of the case.

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

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