Court upholds acquittal in one of Krejcir's cases

Fugitive businessman Radovan Krejcir, who escaped from the Czech Republic to the Seychelles last year, has been acquitted from charges in the case of a three-million-crown fraud. The Regional Court in Prague on Friday upheld an earlier verdict of a district court. This is the first valid verdict in Mr Krejcir's criminal cases. Radovan Krejcir fled the police during a search of his villa outside Prague last June. Criminal proceedings have been launched against him in several property and violent criminal cases. Mr Krejcir lives in the Seychelles with his wife and son.