Police raid Czech Export Bank

15-01-2014

The anti-corruption unit of the Czech police on Wednesday raided the Prague headquarters of the state-owned Czech Export Bank and the Export Guarantee and Insurance Corporation. The police have not disclosed any details of the operation; however, the news website idnes.cz reported the police were gathering evidence related to suspicious loans and guarantees for Czech firms exporting to Russia. A spokeswoman for the Export Guarantee and Insurance Corporation said the officers were interested in 15 older cases including the financing of a glass works in Russia. The police also raided the premises of the companies PSJ Jihlava and Sklostroj in Turnov later on Wednesday.