The prosecution claims that the trading in Stavbenik stocks was not market based, but a result of an agreement, which caused harm to Primorje. The defence objected. Foto: BoBo
The prosecution claims that the trading in Stavbenik stocks was not market based, but a result of an agreement, which caused harm to Primorje. The defence objected. Foto: BoBo

Črnigoj, serving his 14-months sentence for the Clean Shovel trial, has been convicted in the Stavbenik case to a three-year sentence by the first instance court.
Last December Černigoj was sentenced by the Nova Gorica District Court for defrauding the company in 2001, by purchasing and then selling the shares of the construction company Stavbenik too cheap to Primorje managers, namely for the abuse of authority and for causing economic damage in the value of the difference between the selling price of the shares, and their conversion value defined at the occasion of the merger of acquisition.
Besides the prison sentence the former managing board president of Primorje was also ordered to repay the difference in the price of shares in the amount of EUR 1.387m to Primorje under receivership, along with the interest accrued from that amount since 2001, plus the costs of litigation.