Spectator on facebook

Spectator on facebook

Third Horizont fraud suspect arrested

A third man wanted in last year's catastrophic collapse of several pyramid-type investment funds, David Brtva, was arrested in Prague on an international warrant.

In collusion with businessmen Jozef Majský and Vladimír Fruni, Brtva is accused of fraud worth over Sk1 billion ($26 million) in the case of the Horizont investment fund.

A witness is reported to have observed Brtva carrying Sk40 million ($1 million) in investment fund cash into Majský's Bratislava house in five suitcases, money that Majský had allegedly ordered to be assembled at the Košice headquarters of BMG, a Horizont daughter firm.

The crash of Horizont, BMG, as well as other non-banking "financial institutions", cost over 200,000 depositors an estimated Sk20 billion ($50 million) in damages.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.