Spectator on facebook

Spectator on facebook

Former bank managers reject fraud charges

EX-MANGERS of the country's second-largest bank, Vseobecná úverová banka (VÚB), insisted that they were innocent of the fraud charges laid against them early November, TASR news wire reported.

Ten people were charged with fleecing VÚB of Sk2.2 billion (€53.46 million), when the bank was held by the state in the mid 1990s.

The alleged fraud involved the payment of bad loans to the company Konsult Real, of which three of the accused VÚB directors were board members. Four of the accused are from the company.

One of the accused, Ladislav Vaškovič, defended the legality of the lending. "Konsult Real was fully owned by VÚB, so these were only transfers within the group and no damage was done to VÚB.”

"Konsult Real used the money to acquire share capital in VÚB, which means the money is in VÚB," the former manager said.

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

Top stories

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

Napoleon’s oak planted in Bratislava's Tyršovo Embankment Photo

An oak of Napoleonic legend was replanted, part of a commemoration spanning several days.

Planting "Naopoleon's oak" on May 20, 2017.