Six charged over risky loans granted by Czech Export Bank

21-08-2015

The State Attorney’s Office in Prague has filed charges against six people in connection with serious irregularities at the Czech Export Bank. The case pertains to ill-advised and risky loans granted for projects in China and Tunisia in violation of banking regulations. Among those charged are former members of the bank’s executive board. According to the police the damage to the state was over half a billion crowns.