Press: Euro MP even deeper in debt

European Member of Parliament for the Czech Communist Party, Miloslav Ransorf, in financial difficulties, reportedly owes a total of 17 million crowns – loans with interest the politician has failed to repay over a number of years. According to commercial broadcaster TV Nova, a new promissory note originally for 700,000, reportedly now worth 7 million, held by former friend Vratislav Šlajer, has emerged. The original loan dates back to 2003. Mr Ransdorf was to have paid back money owed almost a year ago, but TV Nova said that never happened. Both the politician and his lawyer have declined to comment. According to the news site novinky.cz, the Euro MP used the original 700,000 loan to renovate his villa.

Author: Jan Velinger