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SPP fraud case sees 20 people charged

Twenty people have been charged with embezzlement of funds from the state-run gas utility Slovenský Plynárensky Priemysel (SPP). If found guilty, they could be sentenced to up to 12 years in prison. The suspects are believed to have deprived the SPP of more than Sk339 million (€8.1 million) in 1998.

The investigator has charged authorized representative of the Žilina-based company Hydrotherm Zdenek H. who concluded 35 contracts with SPP to perform technical works on four large compressor stations of the natural gas distributor. However, he had known his company was unable to perform the work as determined by the contracts, news wire SITA writes.

He is accused of having organized a group of nine controllers, who created documents falsely verifying the completion of the contract works. Zdenek H. used these acceptance documents to create 52 invoices, amounting to over Sk417.8 million (€10 million), which SPP paid.

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

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