Police investigating financial operations at OKD mining company

The police’s anti-corruption squad is investigating financial operations at the OKD mining company which was declared bankrupt in May of this year, Czech Television reported on Sunday. The company has debts amounting to 17 billion crowns and there are suspicions that millions of crowns may have been taken out of the firm illegally. Some of its assets were reportedly transferred to other companies. A number of officials at OKD and its parent company NWR are suspected of financial mismanagement and abuse of office.