Spectator on facebook

Spectator on facebook

Prosecution launched in case of Sk1.5 billion transfer

INVESTIGATORS with the police anti-corruption unit began a criminal prosecution for embezzlement against an unnamed offender in the case of the transfer of Sk1.5 billion (€39 million) from the national agency for the development of small and medium-sized companies, the NADSME, to the private company Cassovia BIC, the daily SME reported.

The money was transferred to Cassovia on August 22 without the approval of the NADSME board.

The suspicious transfer was one of the reasons for the recall of former Economy Minister Pavol Rusko. According to SME, police are also investigating why Ľudovít Balco, the former head of NADSME, approved the transfer and whether was acting under orders from Rusko.

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

Top stories

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko

Bankers adjust to customers’ habits

More people will be coming to banks for advisory.