European Commission investigates J&T

The European Commission launched an investigation into the Prague-based finance group J&T for obstructing last year’s inspection. In November 2009, the European Commission looked into the group’s activities in the energy sector; J&T together with the Czech state-owned energy giant ČEZ faced accusations of manipulating the market to stifle competition. The commission is now trying to find out whether J&T provided all requested materials, and whether they were complete. The European Commission said several incidents occurred during the inspection resulting in restricted access to the company’s e-mail accounts and other electronic records.

Author: Jan Richter