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Businessman plans lawsuit over Piešťany spa

The Vadium Group company says it is preparing a series of lawsuits pertaining to the Slovenské Liečebné Kúpele Piešťany (SLKP) spa, according to its director general and head of its board of directors, Karol Martinka. The criminal prosecution of Martinka due to an alleged fraud involving the spa’s privatisation was halted in June 2006, after eight years. Former Interior Minister Ladislav Pittner has said that Martinka’s actions had left Slovakia Sk602 million poorer. Vadium Group says it plans to file a lawsuit against the Slovak Republic, represented by the government privatisation agency, the FNM, claiming that transfer of SLKP shares to the state in 1999, following Martinka’s prosecution, was invalid. If the suit is successful, Vadium Group says it plans to sue the Slovak Republic for damages and lost profit. SITA

The Vadium Group company says it is preparing a series of lawsuits pertaining to the Slovenské Liečebné Kúpele Piešťany (SLKP) spa, according to its director general and head of its board of directors, Karol Martinka. The criminal prosecution of Martinka due to an alleged fraud involving the spa’s privatisation was halted in June 2006, after eight years. Former Interior Minister Ladislav Pittner has said that Martinka’s actions had left Slovakia Sk602 million poorer. Vadium Group says it plans to file a lawsuit against the Slovak Republic, represented by the government privatisation agency, the FNM, claiming that transfer of SLKP shares to the state in 1999, following Martinka’s prosecution, was invalid. If the suit is successful, Vadium Group says it plans to sue the Slovak Republic for damages and lost profit. SITA

Compiled by Zuzana Vilikovská from press reports
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