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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
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