Social Democrats say Krejcir allegation is act of revenge

20-10-2005

The Social Democrats, the senior party in the ruling coalition, have rejected claims by a fugitive billionaire that the party received a large sum of money in return for special favours. Czech-born Radovan Krejcir says he loaned the Social Democrats 60 million crowns (some 2.5 million US dollars) back in 2002. Earlier this year, he fled to the Seychelles as he is wanted in the Czech Republic on a number of charges including tax evasion and conspiracy to murder. The Social Democrats, who take credit for Mr Krejcir's prosecution, say the allegations are a clear act of revenge ahead of the general elections.