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SE-related charges piling up

CHARGES related to privatisation of the country’s dominant power producer Slovenské Elekrárne (SE) have been adding up.

(Source: Sme)

After the police have revealed names of five people charged in the case pertaining to the lease of the Gabčíkovo hydropower plant by SE earlier this year, it arrived on October 28 with charges for rigging economic and business evidence in the electricity producer.

“There is a well-founded suspicion that purposeful accounting operations in individual accounts of SE’s financial statement for 2005 caused significant damage to the Slovak Republic represented by the Economy Ministry,” said Police Corps spokesman Michal Slivka as cited by the TASR newswire.

The damage calculated by the investigator exceeds €308 million while the machinations might have decreased Slovakia’s proceeds from privatisation of SE. According to unofficial information, the person in question is a former chief accountant at SE.

Read also: Read also:The police reveal accused in power plant scandal

“Both investigated causes pertain to the period before the privatisation of SE and no manager who has been with SE after 2006 has been involved in either of the cases,” said SE spokeswoman Janka Burdová, adding that SE has been cooperating with the police in the investigation.

The wave of accusations is arriving during the time when the Italian energy group Enel holding 66 percent in SE is selling half of its stake.

Topic: Energy


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