Specialised Court gives 5 year sentence for stripping assets of Horizont Slovakia company

Slovakia’s Specialised Criminal Court in Pezinok on November 8 sentenced Dávid B. to five years imprisonment, the SITA newswire reported. Together with Jozef Majský and Patrik Pachinger, the accused was convicted of asset stripping involving the unlicensed deposit companies BMG Invest and Horizont Slovakia.

Slovakia’s Specialised Criminal Court in Pezinok on November 8 sentenced Dávid B. to five years imprisonment, the SITA newswire reported. Together with Jozef Majský and Patrik Pachinger, the accused was convicted of asset stripping involving the unlicensed deposit companies BMG Invest and Horizont Slovakia.

The court found him guilty of fraud amounting to 5.6 million Slovak crowns (about €185,866). According to the prosecution, he withdrew the money from one of Horizont’s subsidiaries, Horizont Investment and Consulting.

The defendant was also ordered by the court to pay the money back, SITA wrote. Originally, the case was a part of a larger court case involving the stripping of assets from the firms but the court decided to accept the prosecutor’s proposal hold a separate proceeding against the defendant, who has appealed against the verdict.

Source: SITA

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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