Police interrogate former PM Zeman at behest of Swiss authorities

16-09-2010

The police on Thursday interrogated former Czech prime minister Miloš Zeman, along with several members of his cabinet, over the privatization of the country’s second biggest mining company Mostecká uhelná. In 1998, Mr Zeman’s government sold the state’s share in the firm for some 650 million crowns, or nearly 35 million US dollars. The interrogations were attended by representatives of Swiss prosecutors who are investigating the sale for suspicions that it could have been funded by billions of crowns which should have been set aside for re-cultivation of former mining sites but found its way into foreign bank accounts. The Czech police investigated the case for nearly a decade until it was shelved in 2008.