State Water Management Company Director Files Criminal Complaint Over Asset Tunneling Allegations

The general director of Vodohospodárska výstavba, a Slovak state-owned water management company, has filed a criminal complaint alleging that the enterprise was subjected to asset tunneling schemes. The director claims that since taking office, the company has canceled multiple questionable contracts that were previously awarded. Asset tunneling refers to the practice of illegally draining resources from a company through fraudulent contracts or agreements, often to benefit connected individuals or businesses at the expense of the organization.