Spectator on facebook

Spectator on facebook

Emissions quotas sale prosecution stopped

THE INVESTIGATION of one of the biggest scandals of the 2006-2010 Robert Fico government has wrapped up, the Sme daily wrote in its October 8 issue.

THE INVESTIGATION of one of the biggest scandals of the 2006-2010 Robert Fico government has wrapped up, the Sme daily wrote in its October 8 issue.

The police stopped the investigation with the conclusion that the deed is not considered a crime, Sme reported, citing TV Markíza, who broke the story in its October 6 news programme.

The case began in 2008 when the state sold its excess CO2 emissions quotas to a small, unknown firm then operating out of a garage called Interblue Group, at €5.05 per tonne, a price significantly lower than the market price at that time. The police estimated the damages the state might have suffered at €66 million.

The deal resulted in the dismissal of at least two ministers, as well as the Slovak National Party (SNS) eventually losing political control of the ministry. The murky US-based firm was subsequently dissolved and was reported to have been re-established as Interblue Group Europe, registered in Switzerland.

Slovakia withdrew from the contract, which guaranteed Interblue Group the pre-emptive right to purchase additional quotas to emit 20 million tonnes of carbon dioxide, back in 2010. Interblue Group Europe has objected to Slovakia’s withdrawal.

Last year, Interblue Group insisted that Slovakia should sell it quotas to emit 20 million tonnes of carbon dioxide based on the original contract. Slovakia said no to the firm in December 2012, with Environment Minister Peter Žiga explaining: “I do not have a relevant partner who would demonstrate the relevant legal succession of the American firm Interblue,” as quoted by the SITA newswire.

The police have been investigating the case since 2009. A criminal prosecution was launched for violating the duties in administering others’ property and for the crime of abusing the powers of public officials. No specific people were charged.

The Environment Ministry filed a protest against the halting of the prosecution. The prosecutor’s office now must decide about the ministry’s appeal, Sme wrote.

Source: Sme

Compiled by Michaela Terenzani 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

What is it like to study at a foreign college? Students explain to high-schoolers

Some Slovak students who study abroad already have work offers.

Students during the workshop

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

Construction of new bus station in Bratislava follows plan Photo

The station should be complete in 2020 and Mlynské Nivy Street finished by the autumn of 2019.

Construction of the new Nivy bus station.