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FNM inspection: billions without receipts

ALMOST Sk25 billion (€636 million) from the accounts of the Slovak National Fund (FNM) has no corresponding documentation, the Supreme Audit Office (NKU) discovered, according to the Hospodárske noviny business daily.

The money is supposed to have been invested by the FNM in businesses, but the NKU says that many of the invoices documenting the use of the money are still missing.

Furthermore, the audit inspectors suspect that the law regulating third party assets could have been broken.

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

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