Spectator on facebook

Spectator on facebook

IN SHORT

Pyramid victims suing ST

A GROUP representing people who lost money in the crash of several pyramid funds this spring is suing monopoly provider Slovak Telecom to recover a controversial Sk5 billion promissory note they claim was issued by ST but is now owned by the Drukos company.

The note stems from a legal dispute between ST and Herold Telemedia over a contract for a yellow pages guide that ST allegedly broke in the early 1990s. The deal provided heavy sanctions for breach of contract, and was used by Herold to declare bankruptcy on ST and have its own bankruptcy trustee, František Eke, issue up to Sk40 billion in promissory notes on the telecom firm.

ST has never recognised the notes or the declared bankruptcy.

Apart from the note owned by Drukos, the bankrupt Horizont fund also allegedly holds a Sk112 billion promissory note on ST which it obtained from financier Jozef Majský.

Top stories

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. Coming from a posting in Kosovo where he headed the major EULEX mission, he says that Slovakia is a haven for Italian…

Italian Ambassador to Slovakia Gabriele Meucci

Unique discovery proves contact between Great Moravia and Orient Photo

Arabic coin was found at the hillfort of Neštich.

Bratislava marks birthday of its unique character

Schӧner Náci has a life-size statue in the city centre.

The sculpture of Schӧner Náci

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška