TK |
26 May 2016
Prague, May 25 (CTK) – Up to 150 billion crowns were siphoned off from the New World Resources (NWR) company, whose subsidiary is the Czech coal mining firm OKD that has been declared insolvent, during the time when it was owned by Czech billionaire Zdenek Bakala, President Milos Zeman said yesterday.
Zeman said he received the information about the 100 to 150 billion crowns from sources that “have the duty to report.”
If it is proved that Bakala siphoned off money from the NWR, he may not only be imprisoned but also his property may be seized, Zeman said. This would be a significant financial injection for the state budget, he added at the Zofin …
Read the full article at: http://www.praguemonitor.com/2016/05/26/bakala-siphons-money-bankrupt-czech-okd-owner-nwr-zeman-says