Spectator on facebook

Spectator on facebook

Matej admits borrowing money for SDKÚ debt guarantee

FORMER treasurer of the Slovak Democratic and Christian Union (SDKÚ) Ondrej Matej admitted that he borrowed money from companies linked to two tycoons, which he later used as a guarantee for the party’s loan, the Sme daily reported in its October 8 issue.

FORMER treasurer of the Slovak Democratic and Christian Union (SDKÚ) Ondrej Matej admitted that he borrowed money from companies linked to two tycoons, which he later used as a guarantee for the party’s loan, the Sme daily reported in its October 8 issue.

“It was an ordinary loan from people whom I knew for a long time,” Matej told Sme.

The story pertains to earlier Sme reports that Matej’s company Eplfinance became a guarantor of the loan SDKÚ took from Privatbanka in 2011. According to the daily, Eplfinance had to pay €0.5 million that would be paid to the bank in case the party does not pay off the loan. The company reportedly borrowed the money from City-Arena, connected to tycoon Vladimír Poór, and a firm owned by Dušan Repák, lawyer of tycoon Ivan Kmotrík. Both loans have very low interest rate, only 0.15 and 1.21 percent, as reported by Sme.

Eplfinance got first half of the amount from Repák, whom Matej knows personally from climbing. The second came from architect Pavol Adamec, whom Matej allegedly helped to launch the operation of Max shopping centre in Prešov. Adamec sent money through City-Arena, according to Sme.

Matej says he did not examine Repák’s and Adamec’s connections to the tycoons.

“We were saving SDKÚ from bankruptcy,” Matej told Sme, “it was a priority for me and I did not have a clue that the interests of those two [Poór and Kmotrík] might be behind it.”

Matej stressed that neither Poór nor Kmotrík are involved in SDKÚ which is also proved by the fact that he has paid off most of the loan, Sme wrote.

According to Milan Roman of SDKÚ, the party will deal with the guarantee. Current chair of the party Pavol Frešo has allegedly agreed on meeting with Privatbanka.

Source: Sme

Compiled by Radka Minarechová 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

Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

How to cope with waste

Slovakia lags behind in recycling and reducing waste, but examples of other countries, particularly the Netherlands, are helping Slovakia implement strategies to reduce waste.

Roughly 67 percent of communal waste ended up at landfills in Slovakia, while only 23 percent was recycled.

The Burning Hell have warmed to Slovakia Video

There is one place in particular that the Canadian musicians have a soft spot for.

The Burning Hell will perform in Bratislava and in Banská Štiavnica.

Automotive industry and e-commerce drive the industrial sector

Western Slovakia with Bratislava remains the strongest locality.

Prologis Park Bratislava