Czech Republic News Politics & International

Czech police propose indictment of PM Babis for EU fraud

Prague, Czech Republic – Czech police have proposed pressing formal charges against Prime Minister Andrej Babis for EU subsidy fraud and damaging the financial interests of the European Union.

According to local media, citing police and municipal sources, Czech investigators have concluded, at the end of last month, their investigation into the so-called Stork’s Nest affair, in which PM Andrej Babis is suspected of illegal misappropriation of up to 50 million Czech crowns in EU subsidy funds, a decade ago.

The Czech Premier, whose ANO movement remains the most popular party according to recent polls, always denied the allegations, calling it a political witch-hunt launched by his opponents to damage his reputation.

According to Radio Prague, Andrej Babis could face between five and ten years in prison if stripped of his immunity, tried and found guilty of the charges.

For the time being, Czech police have handed the files to the public prosecutor, who will decide whether or not to prosecute.

Czech investigators proposed to press charges against a total number of six people, including the Prime Minister’s wife.

Andrej Babis, the second richest man in the Czech Republic, is also under investigation for conflict of interest in a separate affair, despite transferring his ownership of agricultural giant Agrofert into a trust fund two years ago to comply with a new anti-conflict of interest legislation.

0 comments on “Czech police propose indictment of PM Babis for EU fraud

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: