Police have changed another 35 people in a long-running fraud case concerning now bankrupt engineering company ČKD Praha DIZ, a significant player on domestic and international markets until two years ago. In total about 60 people, including the company's former owner, have been charged.
The latest suspects are accused of helping the company evade taxes exceeding 850 million crowns in total, in part by issuing or processing fictitious invoices, or transferring funds offshore. In April, billionaire Petr Speychal, a former ČKD Praha DIZ owner, was charged with tax evasion by anti-corruption police.
Prior to going bankrupt, ČKD Praha DIZ had been embroiled in a legal battle with Prague City Hall over completion of the controversial Blanka Tunnel in the capital, which cost the taxpayers some 43 billion crowns. It was the largest and most expensive project in the history of Prague.
“Paneláks” – home for many Czechs, but what does the future hold?
How would a “hard” Brexit impact the Czech Republic?
Why did Communists allow first public demonstration on December 10, 1988?
Photographer Marie Tomanová: These people bent down and saw me in the tree trunk and I was like, Hi!
Some 10,000 Czech businesses fronted by homeless “white horses”