Parliamentary commission questioning former political leaders over OKD privatization

27-07-2018 updated

Former prime ministers Bohuslav Sobotka and Jiří Rusnok, as well as former industry minister Miroslav Grégr have been questioned by a parliamentary committee investigating the privatization of the OKD coal mining company.

Bohuslav Sobotka was finance minister at the time of its privatization and he in particular has been a target of criticism for the controversial sell-off of state shares in the company. The company was acquired by the firm Karbon Invest in 2004 and later sold to billionaire businessman Zdeněk Bakala. It later went bankrupt.

Sobotka said the sale to Karbon Invest had been perfectly in order, adding that he was later taken aback by the re-sale of the company to Bakala.