Mečiar loan came from Swiss businessman

Former PM Vladimír Mečiar has revealed that the over Sk41 million ($920,000) he allegedly borrowed to finance his controversial Elektra villa came from Swiss businessman Peter Ziegel in 1999.

Ziegel confirmed the information for a journalist with the Sita news agency, offering his passport and part of the loan contract as proof.

Ziegler said he had lent Mečiar somewhere from Sk40-100 million, that the maturity was 10 years with payments to begin in 2005 at the latest. The loan was secured with Mečiar’s property, Ziegler said, refusing to give the rate of interest.

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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