Posted by on 27 Oct 2011. Filed under Current Affairs, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Three Charged with Subvention with EU Funds

The Anti-corruption Office has accused three entrepreneurs from East Slovakia of subvention and damaging the financial interests of the European Communities, after they allegedly misused EU funding.

Illustrative photo (c) Arasmus photo

The police are accusing the three men of unjust gain from the European Regional Development Fund and the Slovak state budget, with damages cited at around EUR 276,000.

Companies in the town of Roznava run by two of the men received non-returnable financial assistance worth almost EUR 343,000 in April 2010 as half the money required for new innovative technologies to their production operations. They submitted falsified and overpriced invoices for the machinery, however.

The ERDF covered 85% of the amount as part of the Operational Programme Competitiveness and Economic growth, with the other 15% coming from the state budget.  If found guilty, the three speculators could face a prison sentence of 7-12 years.

5 Comments for “Three Charged with Subvention with EU Funds”

  1. Unless you’re an actual banker or politician, the EU funds game is the biggest scam-fest around. Even here in tiny SK, they’d have to build new prisons to house all the fraudsters.

  2. alec hodges

    Nicely written article George. Whilst the text is self explanatory and the intent clear, I had trouble interpreting the figures. Please don’t take this as a criticism, it’s just that I would like to be clear about the scale of the transactions.

  3. George M

    More than a year after facing criticism in the media over his cut-price acquisition and continued ownership of a large flat in a desirable location in the centre of the (KDH) chairman Ján Figeľ has donated to charity the apartment he bought from Bratislava’s Old Town worth then 235,000 euro for 1800 euro

    Figel signed a donation contract earlier the same day. stating with tears in his eyes and wringing his hands , he sobbed “A year ago in October, I was (caught by the news media fiddling the people of Slovakia )…err, no …subject to challenges, even attacks, due to an apartment we rented as a six-member family and later bought. ( at a fraction of the real cost of course ). Everything was done legal ???, said Figel . The 156-square-metre apartment was rented to Figeľ in 2001 when his then KDH colleague Andrej Ďurkovský was the mayor of Bratislava’s Old Town. Two years later, in 2003, Figeľ was allowed to buy the flat from the city for about €1,800, which even at the time was not even close real market value.

    A police spokesman called Daniel Dipshite said , as this translaction was all done legal and bits of paper were exchanged and they had all the right Stamps on the registration documents, plus the Pope is confirmed the deal with the devil via God …oh and as I am Police Minister and also a member of the KDH party , no investigation or criminal charges of conspiracy to defraud the Slovak Tax Payer of some 235 K will ever take place …why bother ??

    Door now tightly closed , all swept under the carpet as having stolen the flat from the People he now gave it back , so thats all OK then …..just unbelievable !

  4. George M

    More than a year after facing criticism in the media over his cut-price acquisition and continued ownership of a large flat in a desirable location in the centre of the (KDH) chairman Ján Figeľ has donated to charity the apartment he bought from Bratislava’s Old Town worth then 235,000 euro for 1800 euro

    Figel signed a donation contract earlier the same day. stating with tears in his eyes and wringing his hands , he sobbed “A year ago in October, I was (caught by the news media fiddling the people of Slovakia )…err, no …subject to challenges, even attacks, due to an apartment we rented as a six-member family and later bought. ( at a fraction of the real cost of course ). Everything was done legal ???, said Figel . The 156-square-metre apartment was rented to Figeľ in 2001 when his then KDH colleague Andrej Ďurkovský was the mayor of Bratislava’s Old Town. Two years later, in 2003, Figeľ was allowed to buy the flat from the city for about €1,800, which even at the time was not even close real market value.

    A police spokesman called Daniel Dipshite said , as this translaction was all done legal and bits of paper were exchanged and they had all the right Stamps on the registration documents, plus the Pope is confirmed the deal with the devil via God …oh and as I am Police Minister and also a member of the KDH party , no investigation or criminal charges of conspiracy to defraud the Slovak Tax Payer of some 23 K will ever take place …why bother ??

    Door now tightly closed , all swept under the carpet as having stolen the flat from the People he now gave it back , so thats all OK then …..just unbelievable !

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