Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Slovak police detain eight in probe into military aid to Ukraine
    Finance

    Slovak police detain eight in probe into military aid to Ukraine

    Slovak police detain eight in probe into military aid to Ukraine

    Published by Global Banking and Finance Review

    Posted on June 18, 2025

    Featured image for article about Finance

    (Reuters) -Slovak police have detained eight people, including defence ministry officials, in an investigation by the European Public Prosecutor’s Office into possible misuse of funds for military aid to Ukraine, the office said on Wednesday.

    Police confirmed earlier on Wednesday they were carrying out seizure operations in an EPPO prosecution, after media outlets reported authorities sought to detain a former defence minister who is out of the country on vacation.

    The EPPO, an independent body of the European Union, said four of those detained were officials at the defence ministry and that the value of the misused funds was 7.4 million euros ($8.51 million).

    It said it suspected top-ranking personnel of violating budgetary rules "by giving unjustified orders to purchase ammunition from two private companies," at the start of Russia's full-scale invasion of Ukraine in February 2022.

    "EPPO suspects that the public procurement procedure was rigged and that the ammunition may have been overpriced," it said.

    The defence ministry did not immediately respond to a request for comment.

    News website Dennik N said earlier that police had wanted to detain former defence minister Jaroslav Nad, a member of the previous government. He denied allegations of wrongdoing related to Ukraine aid and wrote on Facebook on Wednesday how he was proud of assisting the country.

    Nad, calling the police action "theatre", said he was on vacation in Canada and due to return at the end of the month.

    Slovakia's leftist-nationalist government under Prime Minister Robert Fico has taken sharp policy turns since taking power in 2023, including stopping military aid to Ukraine and seeking better ties with Russia, which supplies it with oil and gas.

    Opposition officials and activists have been highly critical of the new policies, while the government has accused the previous administration of treason and other offences in its donations to Ukraine.

    A report from the Supreme Audit Office last year said errors related to budgetary rules were made in purchasing ammunition for Ukraine and it had handed findings to police.

    Fico has been critical of the European Union's Ukraine policy, saying weapons supplies prolong the war.

    On Tuesday, he criticised NATO plans to ramp up spending in the coming years and for the first time questioned Slovakia's place in the military alliance by saying neutrality would benefit the country.

    ($1 = 0.8693 euros)

    (Reporting by Jason Hovet and Jan Lopatka in Prague; Editing by Toby Chopra, Alexandra Hudson)

    Related Posts
    Polish discounter Pepco targets 9% core profit growth in 2026 financial year
    Polish discounter Pepco targets 9% core profit growth in 2026 financial year
    Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain
    Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain
    Monzo shareholders push to oust chair over CEO's exit, FT reports
    Monzo shareholders push to oust chair over CEO's exit, FT reports
    Morning Bid: UK inflation final hurdle before BoE verdict
    Morning Bid: UK inflation final hurdle before BoE verdict
    Global coal demand hit record high this year but is set to decline by 2030, IEA says
    Global coal demand hit record high this year but is set to decline by 2030, IEA says
    Agentic AI race by British banks raises new risks for regulator
    Agentic AI race by British banks raises new risks for regulator
    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports
    Blackstone leads investment in data-security firm Cyera at $9 billion valuation, WSJ reports
    Russia-China Far Eastern gas route construction progressing, China ambassador to Russia tells RIA
    Russia-China Far Eastern gas route construction progressing, China ambassador to Russia tells RIA
    Trading Day: U.S. unemployment casts its shadow
    Trading Day: U.S. unemployment casts its shadow
    Shares meander, oil jumps on Venezuela blockade
    Shares meander, oil jumps on Venezuela blockade
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    Sydney mourners remember slain Rabbi at Bondi Beach funeral
    TikTok monitored Grindr activity through third-party tracker, privacy group alleges
    TikTok monitored Grindr activity through third-party tracker, privacy group alleges

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans

    Fitch places Euroclear Bank on 'rating watch negative' over EU's Russian asset plans

    Oil rises over 1% as Trump's Venezuela blockade stokes uncertainty

    Oil rises over 1% as Trump's Venezuela blockade stokes uncertainty

    UK to provide financial support to save its last ethylene plant

    UK to provide financial support to save its last ethylene plant

    Doctors in England begin five-day walkout during flu surge

    Doctors in England begin five-day walkout during flu surge

    Polestar secures $600 million loan from majority owner Geely Holding

    Polestar secures $600 million loan from majority owner Geely Holding

    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts

    Couple, man who died trying to stop Bondi Beach attackers praised for heroic efforts

    Analysis-Consumer goods firms cut CEO tenures short in push for growth

    Analysis-Consumer goods firms cut CEO tenures short in push for growth

    BAE Systems halves stake in Kazakh carrier Air Astana

    BAE Systems halves stake in Kazakh carrier Air Astana

    Tesla ramps up battery cell investments at German gigafactory

    Tesla ramps up battery cell investments at German gigafactory

    Stellantis says EU proposals fall short on auto industry's energy transition needs

    Stellantis says EU proposals fall short on auto industry's energy transition needs

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

    US threatens countermeasures on European service providers after EU fines

    US threatens countermeasures on European service providers after EU fines

    View All Finance Posts
    Previous Finance PostItaly's 'merciless' demographic crisis is a spur to action, economy minister says
    Next Finance PostUN trade agency says it faces 'painful' cuts as countries navigate tariffs