First Slovak politician found in Panama papers

RTVS, in co-operation with the news portal aktuality.sk, have released information on the first Slovak politician to be involved in the Panama papers scandal. Former Justice Minister Tomáš Borec, who was a SMER party nominee, was one of the founders of the company Latem Trading. The shell corporation laundered money through Privat Bank. Since 2009 it was owned by the Dutch citizen Gustav Poelen. According to information gained by Slovak journalists who have so far mapped 5 suspicious transactions, Poelen planned to launder more than 10 thousand dollars. One of the founders of this company in Slovakia was the former minister Tomas Borec. Latem Trading is based in an apartment complex in which former justice minister Tomáš Borec also owns a flat. For the portal aktuality.sk, he denied knowing anything about the suspicious activities of this company. Borec believes that Panama papers will help pushing various jobbers from the public space.