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Majský’s house searched

Police on Wednesday searched the houses of financier Jozef Majský and accomplice Peter Pachinger, who allegedly now owns the bankrupt Horizont non-licensed deposit fund, in an ongoing fraud investigation.

Majský is already being investigated for allegedly defrauding the FNM privatisation agency of almost Sk500 million ($11 million), and is now being questioned over his role in the crashed Horizont fund, where 160,000 people lost over Sk11 billion in savings this past spring.

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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