Former PM submits documents regarding purchase of shares to police

14-10-2007

Former Prime Minister Stanislav Gross says he has submitted to the police all documents regarding his recent purchase of shares in the Moravia Energo company. Mr Gross maintains no regulations were breached in the transaction. Mr Gross's Social Democrat Party called on him to clarify the circumstances of the purchase and subsequent selling of the shares. The purchase which reportedly took place six months ago was financed by the Slovak branch of the Czech consultancy Key Investments. The former prime minister has now sold his 31 percent stake in the energy company for an undisclosed sum to the Arca Capital Bohemia company, owned by Slovak financier Pavol Krupa. The daily Mlada fronta Dnes estimated the sum at 100 million crowns (more than five million US dollars).