New charges brought against fugitive Czech billionaire

Czech police have lodged a file with the state attorney recommending that Czech billionaire Radovan Krejcir should face new charges of illegally siphoning off assets worth 150 million Czech crowns or 7.5 million US dollars from a technology leasing company. If found guilty of the charges, the controversial businessman could face a jail sentence of 12 years.

Mr Krejcir is already wanted in the Czech Republic for various crimes, including conspiracy to murder, money forgery, tax evasion, extortion, and abduction. He has been on the run from the Czech authorities after fleeing from the Czech police to the Seychelles in 2005. He is currently residing in South Africa, where he is on bail pending the outcome of an extradition hearing.

Author: Coilin O'Connor