Spectator on facebook

Spectator on facebook

SPP must pay 400 million Czech crowns for 1990s promissory note

According to a decision by the Bratislava Regional Court on Tuesday, April 28, Slovak gas utility Slovenský Plynárenský Priemysel (SPP) will have to pay 400 million Czech crowns (€14.94 million) to Czech company DRAFT-OVA because of a promissory note signed by a murdered former chief executive.

According to a decision by the Bratislava Regional Court on Tuesday, April 28, Slovak gas utility Slovenský Plynárenský Priemysel (SPP) will have to pay 400 million Czech crowns (€14.94 million) to Czech company DRAFT-OVA because of a promissory note signed by a murdered former chief executive.

The note is one of several documents known as ‘Ducký’s promissory notes’. Ján Ducký, the former general director of SPP and a former economy minister, was murdered on January 11, 1999. Ducký allegedly issued 24 controversial promissory notes while head of SPP, including 12 in Slovak crowns, and another 12 in the Czech currency.

In its current ruling, the regional court confirmed a decision handed down by the Bratislava V District Court in May 2007, which declared the promissory note valid, Bratislava Regional Court spokesman Pavol Adamčiak told the TASR newswire on April 28.

According to Adamčiak, the reason for the court's decision - which is final - was the fact that the Czech company bought the promissory note in good faith, and there is no proof that the company deliberately acted in order to damage SPP.

SPP considers all ‘Ducký’s promissory notes’ to be fraudulent, SPP spokesman Ľubomír Tuchscher said in reaction to the court's ruling. “Our stance concerning Ducký’s promissory notes remains unchanged,” he said. TASR

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Another For a Decent Slovakia protest was also joined by farmers

People took to the streets for the eighth time.

Farmers with tractors awaited the protesting crowd at the SNP Square in Bratislava.

Coronations return to Bratislava Photo

This year Bratislava will recall the coronation of Leopold II, the younger son of Maria Theresa.

Bratislava will again enjoy re-enactment of coronation ceremony

Police detain another person in promissory notes case

Ex-director of private broadcaster TV Markíza, Pavol Rusko, was detained shortly after being heard.

Pavol Rusko

Last Week in Slovakia: Farmers staged a protest by driving across the country Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Farmers also met President Andrej Kiska in Bratislava