The Slovenia Times

Parliament launches inquiry into bad bank


"We are hearing about scandals at BAMC almost every day, related to the management of banks' claims, real estate, regular operations and the companies that the BAMC is sending into receivership, and it has been so since it was founded in 2013," NSi MP Jernej Vrtovec told MPs.

The inquiry, which will be chaired by Vrtovec, will be looking into the suspicions that some good claims were transferred to the bad bank along with the non-performing loans in 2013-2015 and examine reports on irregularities in the management of the claims as well as real estate.

It will also look into allegations that loopholes were used to return ownership of companies to persons which pushed them into debt, and into the suspicion that the BAMC is channelling money to Slovenia from foreign funds based in tax havens.

This was backed by all deputy groups. "We have an important and challenging task before us," said Anže Logar of the opposition Democrats (SDS), who chaired the inquiry examining abuse in the banking system in the previous term.

He sees the new inquiry as a "logical continuation" of the banks' investigation. "I honestly hope this will be the last inquiry in this field and that we will not need a third inquiry into the inactivity of the law-enforcement," he said.

The coalition Pensioners' Party (DeSUS) expects the law-enforcement to do its job, also based on the work of this commission, said MP Jurij Lep.

Igor Peček of the senior coalition Marjan Šarec List (LMŠ) warned against jumping to conclusions, but Matjaž Han of the junior coalition Social Democrats (SD) pointed to the irregularities detected at the BAMC by the Court of Audit. "This did not suffice, because some kept their jobs," Han said.

Matej Tonin of the NSi upheld claims that the bad bank was being used to push through the third phase of "plunderisation". The first phase was the ownership restructuring in the 1990s, and the second the MBOs during the economic growth, he noted.

The opposition Left said that they had been claiming all along that having a bad bank was a bad idea, so they want the commission to also look into the motives behind its founding.


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