Falkon Capital buys Hotel Praha

01-08-2002

Falkon Capital, the company which bought a 20-billion-crown share of Russia's debt to the Czech Republic last year, has become the owner of the posh hotel Praha in Prague 6. Falkon Capital bought the hotel for 501,000,000 crowns or 16,000,000 US dollars. There has been a lot of controversy around the company. After Falkon Capital bought the Russian debt, there were claims that the intelligence services warned the Czech government that company represantatives were linked to organised crime and foreign secret services.