Court gives higher combined sentence to Krejčíř

Prague’s Municipal Court has found fugitive businessman Radovan Krejčíř guilty of tax evasion, passing an 11-year prison sentence and a three-billion-crown fine. Friday’s verdict issued in absentia is a combined sentence for Mr Krejčíř’s current and previous convictions for tax and securities fraud as well as embezzlement. Mr Krejčíř escaped from the Czech Republic in 2005 and has been living in South Africa since 2007, where he has applied for refugee status.

Author: Masha Volynsky