Huge IRB fraud case goes to court

A Slovak prosecutor from Nitra region has laid charges against 19 people in one of the biggest cases of fraud in Slovak history, the illegal use of about Sk500 million (then $20 million) in money from the IRB state bank from 1991-1992. The money was allegedly used by the accused to buy up property in the 'small-scale privatisation' phase. Two of the defendants had fled to the US, but were arrested and returned to Slovakia by Interpol.

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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