TK |
18 July 2016
Olomouc, North Moravia, July 17 (CTK) – The Czech corruption police investigate the financial management of the OKD black-coal mining company, which was declared insolvent in May and has debts worth billions of crowns, CTK has found in the insolvency register.
Detectives from the Squad for Uncovering Organised Crime (UOOZ) are looking into suspicious transactions of OKD and the owner of the NWR Holdings B.V., which owns OKD.
OKD, for instance, vouched for billions-crown bonds and some of its property was transferred to other firms.
“The police (UOOZ) has launched criminal proceedings on suspicion of breach of trust and abuse of information and posi…
Read the full article at: http://praguemonitor.com/2016/07/18/police-investigating-financial-operations-okd-mining-company