Communist Party to pay huge fine for scrapping sales contract

12-10-2011

A Prague Court has slapped a 40 million crown fine on the Czech Communist Party for cancelling a sales contract on one of its buildings in the city centre. The party put the building up for sale and signed a contract with the Italian Firm Poste Re, but later changed its mind and scrapped the deal as disadvantageous. Party officials have not so far commented on the verdict.