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Sk200 million of highway money siphoned off

POLICE have charged nine people in a scandal involving the siphoning off of Sk200 million (€5 million) earmarked for the construction of highways, the Pravda daily reported.

According to the police, several former managers from the
construction company Hydrostav, including Alexander Hulman, the former head of the firm's supervisory board, are due to face prosecution for the scam.

Hulman and another accused, however, are currently out of the country. It is not clear whether police know of their whereabouts.

According to Pravda, Hulman secured the money from funds that were paid for the construction of a stretch of highway between Ladce and Sverepec. Apparently the funds went not into Hydrostav's account but into the account of a firm based in Trenčín. The siphoning off of the funds took place between December 2001 and April 2002.

Police also discovered that Sk44 million (€1.1 million) was siphoned off during the construction of the Branisko tunnel in Eastern Slovakia.

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

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