Most of "billions" found in Krejcir home raid forgeries, says CNB

Almost all of the banknotes found in a raid of the home of fugitive businessman Radovan Krejcir were forgeries, a Czech National Bank spokesperson said on Friday. Police had reported finding billions of crowns in various currencies, but it turns out less than 10 million crowns worth of the notes were genuine. Mr Krejcir is wanted on charges of fraud and conspiracy to murder; he fled the Czech Republic in June and is now in the Seychelles, where he has citizenship.

Author: Ian Willoughby