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SDKÚ has paid off its debt

THE SLOVAK Democratic and Christian Union (SDKÚ) has reduced its debt after making an agreement with its former treasurer, Igor Kucej, on the mutual settlement of receivables. Kucej lent the party €618,000 when he served as a treasurer. This debt was settled after he accepted the responsibility for the damage to the party caused by its former accountant.

THE SLOVAK Democratic and Christian Union (SDKÚ) has reduced its debt after making an agreement with its former treasurer, Igor Kucej, on the mutual settlement of receivables. Kucej lent the party €618,000 when he served as a treasurer. This debt was settled after he accepted the responsibility for the damage to the party caused by its former accountant.

“Kucej initiated the agreement when leaving the function since the receivable appeared at the time when he was responsible for bookkeeping of the party,” said SDKÚ General Secretary Štefan Kužma, as quoted by the SITA newswire, adding that Kucej “wanted to have a clean slate when leaving the function”.

Kucej was connected to several cases of dubious party financing. One case pertained to a €404,000 loan that the SDKÚ received from the company Allied Wings. The party paid it off after four years. The firm resided at the same London address as Kucej’s Destor Investments, which owned Involve, another company of Kucej’s, with which the SDKÚ registered its original logo.

Current Prime Minister Robert Fico described the loan as money laundering. The scandal resulted in the decision of then SDKÚ chair Mikuláš Dzurinda not to run in the 2010 election and leaving his leadership position to Iveta Radičová. The police however closed its investigation in January 2011, without finding any evidence to confirm the allegation, the Hospodárske Noviny daily wrote.

Kužma says that when the current leadership took over the party, they knew they had loans from banks as well as from Kucej. Yet, they currently report a decrease in their debt and that they have settled their debt with Kucej, Kužma explained.

The SDKÚ’s current leadership, elected after the 2012 general elections, has not asked for a new loan, Kužma told SITA. Yet, it still has to pay off €1.7 million in debt, which it borrowed for its pre-election campaign. For the SDKÚ it is enough to use the money they receive from the state budget, Kužma added.

Source: SITA, Hospodárske Noviny

Compiled by Radka Minarechová from press reports

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