Prague received key parts of MUS verdict from Switzerland - CT


21.06.2014 21:13

Prague - Prague has received the key parts of the Swiss court verdict on the case of the Czech MUS coal mining company, which could help it regain a part of the 14 billion crowns linked to the suspicious privatisation of MUS and now blocked on Swiss accounts, Czech Television (CT) reported today.


Nová budova švýcarského Federálního trestního soudu v Bellinzoně. ČTK Mundil Stanislav

The Finance Ministry said it has received the documents from the Swiss court.

The Finance Ministry previously asked the Swiss for the parts of the verdict that relate to the Czech Republic.

"We´ve been analysing the documents for the moment. Of course, we will consider taking further steps," the ministry´s spokesman Marek Zeman said.

The court documents may help the Czech state regain a part of the billions of crowns blocked on the Swiss accounts of former MUS managers, CT said.

The state would not disclose details of the planned operation. It wants to use chances the Swiss legal order offers and also file new actions with Swiss civil courts, said Robert Pelikan, deputy justice minister who headed the Finance Ministry´s legislative section until two weeks ago.

In the optimal case it could take two years [to see Prague´s efforts met], Pelikan added.

Moreover, the state believes that it could also gain the former MUS managers´ property in the Czech Republic, worth over one billion crowns.

"We believe these are proceeds from criminal activities, which can possibly be confiscated," state attorney Petr Sereda told CT.

Several MUS managers bought the company´s shares for its money, which they never returned. They damaged the state by buying its stake in MUS for an inappropriately low sum of 650 million crowns in 1999.

In October 2013, the court in Bellinzona, Switzerland, imposed prison sentences between 16 - 52 months on Jiri Divis, Antonin Kolacek, Marek Cmejla, Petr Kraus and Oldrich Klimecky. It found them guilty of fraud and money laundering.

The suspects, who plead innocent, reportedly plan to appeal the verdict, which has not taken effect yet.

($1=20.188 crowns)

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