Spectator on facebook

Spectator on facebook

NEWS IN SHORT

Fraudster Fruni released on parole

THE FORMER owner of two unlicensed deposit companies, Vladimír Fruni, was released from prison on July 27, two years before his 11 and a half-year sentence was to end, the TASR newswire reported. Fruni was a principal in BMG Invest and Horizont Slovakia, two companies that defrauded depositors in a Slovak version of a Ponzi scheme.

THE FORMER owner of two unlicensed deposit companies, Vladimír Fruni, was released from prison on July 27, two years before his 11 and a half-year sentence was to end, the TASR newswire reported. Fruni was a principal in BMG Invest and Horizont Slovakia, two companies that defrauded depositors in a Slovak version of a Ponzi scheme.

Fruni, who recently was serving his prison time in a hospital, was released on parole and his activities and movements will be monitored by the police for the next five years, Roman Tarabus, spokesman for the Trenčín Regional Court, told TASR.

Fruni became one of the owners of the unlicensed deposit companies in 1997 along with partner Marián Šebeščák. The companies began soliciting deposits from Slovaks and offered extremely high interest rates – up to 50 percent of the deposited money per year. The companies went bankrupt in 2002, leaving about 170,000 depositors with worthless accounts, TASR reported.

Fruni was arrested by Croatian police and extradited to Slovakia in 2002 and held in custody awaiting trial. In 2007 he was sentenced to prison by a senate of Slovakia’s now-abolished Special Court. His lawyer, Milan Kuzma, tried to persuade the courts to release Fruni in 2010, saying his client had fulfilled the requirements for release on parole. The Trenčín Regional Court rejected that petition.


Top stories

Employee of the ministry’s agency accused of corruption

If found guilty, the employee of the Agricultural Paying Agency may spend up to eight years in prison for taking a bribe.

Sagan wins first race of 2017 Video

The Slovak cyclist triumphed at the second race of the Belgian classics.

Peter Sagan

Queues rigged at foreigners’ police, say clients

Not our problem, say police, who blame ‘cultural specifics’ and ‘habits’ of foreigners.

Queue in front of the foreigners' police department in Bratislava.

Legendary Luna bar to reopen Photo

The programme in the bar will focus on retro and oldies.

Luna Bar in the Kyjev Hotel