Czech police charge former Mostecká uhelná managers

Czech police have charged six former managers of the coal-mining company Mostecká uhelná over their role in the firm’s privatization deal, Czech TV reported on Wednesday. The managers allegedly channeled funds earmarked for the revitalization of mining sites to bank accounts in Switzerland, and used some of them to buy the firm from the state. Swiss authorities last year charged seven people in the case which was also investigated by Czech police but shelved in 2009 due to lack of evidence.

Author: Jan Richter