An internal audit in the power producer ČEZ found no corruption in the
firm’s dealings with its major supplier, Škoda Power. The audit
confirmed a marked increase in contracts for the engineering company worth
billions of crowns after 2004 when its former manager, Martin Roman, became
the CEO of ČEZ. However, the surge was related to an overall rise in ČEZ
investments, according to the probe which reviewed 39 contracts between the
firms worth 26.4 billion crowns. Former ČEZ CEO Martin Roman, who stepped
down in September, faced allegations of conflict of interest over his role
in ČEZ and Škoda Power. However, critics pointed out the audit would have
more weight if it had been carried out by an independent entity rather than
the firm itself.