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| Committee discussed excessive VAT refunds at closed session |
| Bratislava, 27.04.2016 |
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| The Financial Administration is still investigating whether the company owned by businessman Ladislav Bašternák actually paid the value-added tax from selling its real estate, said head of the Financial Administration František Imrecze after the end of the first part of a closed session of the parliamentary finance and budget committee.
The committee was dealing with the case of excessive VAT refunds granted to Bašternák’s firm BL-202 which bought and sold seven apartments in the Five Star Residence complex built by tycoon Marián Kočner. Bašternák reportedly bought them for €12 million. The company then applied for a VAT refund of €2 million and the state paid it out, despite suspicions that the transaction was fictitious. The state later paid an additional €6 million in VAT refunds and saw no reason to verify them.
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