BUSINESS BRIEFS

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.

Along with businessmen Jozef Majský and Vladimír Fruni, Brtva is accused of defrauding investors of over Sk1 billion (24 million euro) in the case of the Horizont investment fund.

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

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