Mečiar government asked to account for Sk12 billion in missing funds

The daily Sme claims to have evidence that Sk12 billion ($270 million) went missing or was used illegally from state accounts in 1993 by the then-government headed by Vladimír Mečiar.

The money - Sk15 billion in proceeds from the 'minor privatisation' programme earmarked for restitution and municipalities - was first deposited in a private account at the Privatisation Ministry that was opened in 1991.

Most of the funds were then transferred to an account at the FNM privatisation fund, which neither accounted for how the money was subsequently used nor kept records of which companies it was 'lent' to.

The case has been under investigation by state officials and the anti-fraud police since 1998.

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