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Police raid Váhostav

THE POLICE entered two buildings of the construction company Váhostav on April 22, one in Bratislava and one in Žilina where it resided in the past. 

(Source: TASR)

It is not clear yet what they are searching for, the Aktuality.sk website reported.

The raid takes place three weeks after launching criminal prosecution in the case. It has been confirmed by both Police Corps President Tibor Gašpar and Váhostav spokesman Tomáš Halán. The members of the National Criminal Agency are taking the company documentation, including all economic, financial and contractual documents, head of Váhostav Marián Moravčík told Aktuality.sk.

“It can take also several days,” Police Corps President Tibor Gašpar told the Denník N daily. “We get the documents in a way that it does not disrupt the restructuring.”

The police officers have not detained anybody yet. They mostly copy the documents to their own devices. If there is only a paper version of a document, they take it away, but say they will return it soon, Denník N wrote.

“Váhostav handed in all documents the police wanted and, as the company had already informed before launching the criminal proceeding, it will cooperate with criminal authorities and will provide them with all necessary papers,” Halán told Aktuality.sk. He, however, did not specify the exact documents the police required.

Media published several speculations about the possible content of the documentation. It may include agreements, invoices or correspondence which may confirm or disprove that Váhostav’s managers were favouring some creditors, like those who are somehow connected to it. They might also find some information that the managers of the company knew it may go bankrupt, but did not announce it, the Sme daily wrote on its website.

The police might also search for information that Váhostav really received loans from shell companies, and who dealt with them, or that the company closed agreements which benefited it and via which it damaged its partners, Denník N reported.

Read also:Bailout for Váhostav-SK creditors sails through parliament

Meanwhile, representatives of Váhostav, the government, the self-employed and banks met at the Government’s Office to agree on further steps in solving the problems. The results from this meeting should be made public later in the day.

The MPs also advanced the amendment to the Business Code, which concerns changes to the restructuring process in companies, including Váhostav, into a second reading on April 22. It is not clear yet what the changes include. Though the parliament adopted the version already presented in media, the ruling Smer party already said it will change it via amending proposals, the TASR newswire wrote.

This may include the proposal that the small creditors would be able to claim 100 percent of the owed sum from companies in restructuring from their future incomes. This in fact means that the debts of firms will not be reduced, TASR wrote.

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Topic: Transport


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