published: 08.10.2013, 15:16 | updated: 08.10.2013 15:21:06
Prague - The Czech Finance Ministry has widened its criminal complaint in the case of the privatisation deal of the MUS coal-mining firm, ministerial spokesman Ondrej Sramek said in a press release today.
The ministry newly argues that the defendants controlled the firm one year earlier than they publicly proclaimed.
The information had the essential importance for the amount of the purchasing price paid to the Czech Republic for its stake in the firm and it also had an influence on the Czech government's decision-making, Sramek said.
The former MUS managers and owners, Marek Cmejla, Jiri Divis, Oldrich Klimecky, Antonin Kolacek and Petr Kraus, are facing insider dealing and fraud charges over their role in the privatisation of the firm in 1999.
According to the prosecution, with their dealings they acquired underpriced shares from the Czech Republic, causing the damage of over 1.6 billion crowns to the state.
"The defendants had MUS under control as early as April 1998, which means over one year sooner than they have publicly declared," Sramek said.
The ministry also widened the complaint on the basis of results of international legal help from the Isle of Man that focused on the cash flows and transfers of shares in 1997-2003, he added.
"Within the help, the Czech Republic had the opportunity to study over 50,000 pages of the files," Sramek said.
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