He served as Minister for Administration and Privatisation of National Property of the Slovak Republic from 1994 to 1998. After 1992 he briefly ran a business, but very soon became acquainted with a group of enterprising politicians around the party Združenie robotníkov Slovenska. It was in this way that he found himself in the seat of the minister who blessed privatisation. This was in the most controversial period, when, under Mečiar’s tact, property was being given away according to precise political specifications.
Petr Bisák was also suspected of manipulating tenders for the sale of state-owned enterprises or other fraud. According to investigators, he illegally enriched himself, for example, by illegally using money from a special account of the Privatisation Ministry.
The former minister was to be incriminated by documents from the accounts and witnesses. The Department of Especially Serious Crimes has charged Bisák with abuse of public office.
The ex-minister was supposed to have agreed with intermediaries to close an unfavourable loan from the Industrial Bank in Žilina for his own ministry. He ordered his subordinates to place term deposits of up to eight hundred million crowns in special accounts.
As a result of the unfavourable interest rate, he caused more than thirty million in damages to the state. The intermediaries received commissions totalling around twenty-nine million. The unfavourable conditions for the State constituted an unjustified grant of aid to the bank, which could have provided the money to the pre-agreed companies. The profits from the unfavourable state operations went to companies in which the daughter of Minister Bisák, Zuzana Bisáková, and other close people had a stake.
These were companies such as G-T-S, which were run by people from the background of the well-known mafia group of the Dinic brothers. Part of the commission received by the company was then paid directly to the Minister.
Bisák was acquitted of the charges in 2004. However, he was also involved in other cases. According to the indictment, he should have accepted a bribe during the privatisation of Elektrosystémy Bratislava. He has several other active lawsuits.
