Posted by on 30 Sep 2011. Filed under Politics, 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

Two Accused of Machination with FNM Funds

Illustrative photo (c) Arasmus photo

Two former top managers of the National Property Fund (FNM), which administers the state’s assets, have been charged with machination involving EUR 1.2 million in taxpayers’ money.

The two men, Juraj K and Jozef V, transferred funds of the FNM to a private company as part of an out-of-court settlement even though the FNM had all but won the case. The money was rapidly transferred on the same day the settlement agreement was signed, against the recommendation of the FNM’s lawyer and while the case was still ongoing.

The two men could now face a prison sentence of up to 15 years if found guilty.

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