Accusations of VÚB tunneling stand

THE ATTORNEY general's office has rejected a complaint filed by 10 former VÚB bank officials who have been accused of tunneling the bank in 1998.

Police are investigating the suspicion that hundreds of millions of crowns were taken out of the bank by the officials, who include current Eximbanka governor Ladislav Vaškovič, the Slovak daily SME wrote on February 11.

Police found out that the bank's board of directors provided a Sk1.8 billion (€43.97 million) loan to the private firm Konsult Real and then placed the loan into the category of classified loans - those that the state pledged to cover during the bank revitalisation process.

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