SPP doesn't have to pay for Ducký's promissory note

According to a ruling by the Bratislava Regional Court on Tuesday, July 27, Slovak gas utility Slovenský Plynárenský Priemysel (SPP) does not owe 1 billion Czech crowns to Bolzano Enterprises Ltd from the Virgin Islands because of a document known as a 'Ducký promissory note'.

According to a ruling by the Bratislava Regional Court on Tuesday, July 27, Slovak gas utility Slovenský Plynárenský Priemysel (SPP) does not owe 1 billion Czech crowns to Bolzano Enterprises Ltd from the Virgin Islands because of a document known as a 'Ducký promissory note'.

The court's decision confirmed a ruling made by the Bratislava V District Court on October 21, 2009, which declared the promissory note invalid, the TASR newswire wrote. In addition, Bolzano Enterprises Ltd will have to pay SPP lawyers the costs of the case, which amounted to €92,000. The regional court's verdict is final and cannot be appealed.

Former general director of SPP and former Economy Minister Ján Ducký was murdered on January 11, 1999. Ukrainian national Oleg Kalashnikov was accused of the murder but was later released. Ducký allegedly issued 24 controversial promissory notes, including 12 in Slovak crowns and another 12 in Czech currency. SPP considers all 'Ducký's promissory notes' to be fraudulent.

Source: 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.

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