1995-1997 Meciar's handiwork

"In the period between 1995 and 1997, the board of the NPF decided on 887 direct sales, transfers of shares of state companies or state asset transfers with a total book value of SKK 103bn (US $3 billion at the time). The purchase price was, however, only 48 per cent of the book value. During the entire period, actual NPF privatisation-related revenues reached only 28.7 per cent of the book value of privatised assets.2 Opportunities for corruption and unlawful conduct were therefore mostly linked to the direct sales of privatised property where the NPF board exercised complete discretion over sales of some of the largest enterprises in Slovakia behind a curtain of secrecy. "

The good stuff is always on the PDFs ;)
read the case study by Transparency International PDF

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