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Current AffairsAmidst corruption scandal, high-ranking police officials vow to clean-up force
Czech police’s organized crime squad has uncovered a case of widespread
police corruption, arresting six suspects, four of them from within the
ranks of police. One current and three former police officers from Brno’s
economic crimes unit are believed to have covered up major cases of
economic crime in return for large sums of money for years. An ongoing
investigation suggests the network is much larger and its criminal
activities may have gone far beyond that. More
Business NewsBusiness News
In today’s business news: The European Commission launches an antitrust
investigation into the Czech energy giant ČEZ, self-employed individuals
may be among those who profit from an overhaul of the Czech pension system,
a new law eliminates advertising on two public TV channels, Czech tennis
star Petra Kvitová’s marketing potential receives a significant boost
due to her Wimbledon victory, the regional brewery Svijany posts record
profits in 2010 and Czechs pay up to 20 percent more for mobile phone
services than clients in neighboring countries. More
Business NewsBusiness News
No more hiding from the taxman in the big city; numbers of businessmen up,
number of businesses up; anonymously owned companies get eight billion in
state money; welfare and unemployment expenses hit 700 billion. More
One on OneBusinessman and anti-corruption pioneer Karel Janeček: Whistle-blowing is a brave thing to do
Mathematician Karel Janeček runs the firm RSJ Algorithmic Trading, one of
the world’s biggest financial derivatives traders of its kind. Located on
just two floors of a building in Prague’s historic Malá Strana district,
the company has an annual turnover more than 230 times bigger than the
Czech Republic’s budget. Last year, the 38-year-old entrepreneur
established a foundation to support science and research while recently, he
crated a fund to fight corruption in the country by supporting
whistleblowers. Last week, the fund awarded 500,000 crowns to Libor
Michálek who disclosed a corruption case at the Czech Environment
Ministry. Radio Prague sat down with Karel Janeček at his company
headquarters, and asked him what made a successful businessman like him
launch a private campaign against corruption. More
Letter from PragueThe good, the bad & the ugly in the dragon’s den
I have never been a fan of reality TV and would be hard-pressed to watch
any programme where people try to meet a suitable partner or spend weeks
cooped up in a fishbowl of a room trying to see how they get along. But one
show, which has caught my attention is Den D (translatable as D-Day but
known in English as Dragon’s Den). If you’re familiar with the
programme, you’ll know it’s a show where entrepreneurs try to persuade
investors to put money into their start up businesses. More
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