Econet.hu pays Ft 2.5 million in fines
Sunday, September 25, 2005, 00:00
State Financial Institutions Supervision (PSzÁF) has fined econet.hu to Ft 2.5 million and ordered an audit to be performed by an independent auditing company. The 1-month audit has found multiple infringements with regards to the company's publication duties, and PSZÁF has declared that the company's financial and economic situation is not transparent, and the actual value of the company's investments cannot be determined by published data. PSzÁF pointed out also that the company failed to publish the acquisition of two other companies. (NG 13) E.C.