Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Prison sentences in Transpetrol trial

A PACKAGE of shares – 34 percent in total – of the oil transport company Transpetrol, never changed ownership from state hands to a group of businessmen around Ignác I., the Regional Court in Žilina ruled on June 30, the SITA newswire reported.

A PACKAGE of shares – 34 percent in total – of the oil transport company Transpetrol, never changed ownership from state hands to a group of businessmen around Ignác I., the Regional Court in Žilina ruled on June 30, the SITA newswire reported.

The court found the group of businessmen guilty of three crimes: fraud; attempting to legalise income from criminal activities along with accomplices; and violating one’s obligations when administering the property of others, SITA wrote.

The defendants were sentenced to prison terms ranging from 46 months to nine years. Ignác I. received the longest sentence, nine years.

The verdict is not yet effective as the prosecutor appealed it. The defendants may also appeal the verdict within eight days of it being delivered.

The Transpetrol criminal case has been continuing at the Regional Court in Žilina since 2002.

According to the prosecutor, 647 Transpetrol shares worth more than €66 million were transferred from the state to the hands of the group of businessmen fraudulently.

According to the Slovak Economy Ministry, this verdict will be the most important among all the 150 trials connected to the controversial Transpetrol case.

Top stories

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci