Prague - Former managers of the Czech MUS firm, convicted of fraud but whose verdict has not yet taken effect, will demand a public hearing at a Swiss appeals court, which is not common, their lawyer Karolina Zelenkova told CTK today.
Due to the workload of the Swiss Federal Supreme Court in Lausanne and the size of the challenged verdict, the decision-making process may last up to one year, Zelenkova said.
Last year, the Swiss Federal Criminal Court in Bellinzona gave Jiri Divis, Antonin Kolacek, Marek Cmejla, Petr Kraus and Oldrich Klimecky sentences ranging between one year and four months to four years and four months.
The verdict has not yet taken effect. The men deny any wrongdoing and they have appealed it.
"In some cases in the past, the Federal Supreme Court in Lausanne fully cancelled a decision by a lower instance court, which is sought by the appeal lodged by the former MUS managers," Zelenkova said.
A three or five-member panel is most likely to decide on the appeal, she added.
In the Czech Republic, the five men have been charged with insider dealing. The police suspect them of having taken 150 million dollars, or an equivalent of more than three billion crowns, from MUS, which they used to buy MUS shares.
In October 2012, they were also charged with fraud in the firm's privatisation in 1999. According to the state attorney, they inflicted a damage of more than 1.6 billion crowns on the Czech state.
($1 = 20.596 crowns)