Police re-launch investigation into mining company sale

Czech police have said they will reopen an investigation into the sale of the country’s second biggest coal mining company, Mostecká Uhelná. The case was running for almost a decade until it was shelved a year ago. The reopening follows the discovery of new evidence by the Swiss general prosecutor who launched an investigation in the Spring, according to Czech Television. The investigation centres on suspicions the 1998 acquisition of the company – now re-named Czech Coal – 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.

Author: Chris Johnstone