Articles for tag: Andrej Babiš

Matt Atlas

Former Czech prime minister, Andrej Babiš to face trial on fraud charges 

Allegations involve a farm that received subsidies after its ownership was transferred to Babiš-owned Agrofert Former Czech Prime Minister Andrej Babi will stand trial after being indicted in a European Union subsidy fraud case. The Czech parliament had earlier voted to remove Babi’s immunity, prompting the public prosecutor in Prague to charge the populist billionaire. ...

Matt Atlas

Andrej Babis Agrofert

Agrofert Illegally Farming Land After Owners Died

Andrej Babis’ Agrofert illegally assumed control of farmland after the legal owners died. While the land sat unclaimed by heirs of the deceased, Agrofert farmed it and received subsidies for managing it.   Government officials confirmed that two Agrofert subsidiaries are under investigation. The two companies in question are ZAS Podchotucí and First Agricultural Záhornice. ...

Petr Dubinsky

Czech Republic Air Force Airbus

Babis’s Government Spent Over 100 Million On Flights

Prime Minister Andrej Babiš and his cabinet have been busy traveling around the world. Since June of 2018, they have spent over CZK 100 million on 290 flights abroad.   Most often, they visited their neighboring countries and Brussels. They prefer the Czech Air Force transport. One hundred eighty-three ministers used the so-called government squadron. ...

Matt Atlas

Czech Prime Minister Andrej Babis

Babis To Attend UN General Assembly

Prime Minister Andrej Babis will attend the United Nations General Assembly in New York this week. Babis said he has scheduled a meeting with Ukrainian President Volodymyr Zelensky to discuss bilateral relations. The annual event opens on Tuesday. The Czech government said Babis would address the gathering on Wednesday as a stand-in for President Milos Zeman. Trade ...

Matt Atlas

Andrej Babis and Milos Zeman

Zeman Vows To Stop Prosecution Of Babis

President Zeman to halt prosecution of Babis   President Milos Zeman said he would halt the prosecution of Prime Minister Andrej Babis, in an interview on TV Barrandov.   President Zeman said he would exercise his constitutional authority to stop any possible prosecution of Babis by “abolishment” if necessary.   Prague State Attorney stopped investigation ...

Petr Dubinsky

Banks To Invest CZK 7 Billion In National Development Fund

A Czech national development fund, backed by the country’s four biggest banks (CSOB, Komercni banka, Ceska sporitelna and UniCredit Bank), is expected to launch by the middle of 2020 with initial financing of 7 billion crowns.   Banks signed a memorandum of cooperation on Thursday on launching the fund, which will be aimed at investing ...

Matt Atlas

Andrej Babis

Babis Dodges Charges In Subsidy Fraud Case

The Prague state attorney said on Friday that the investigation into Prime Minister Andrej Babis and his family for subsidy fraud has been dropped.   The investigation into accusations that Babis, his family members and others had manipulated ownership of a farm and convention center to win European Union subsidies more than a decade ago ...

Matt Atlas

Andrej Babis and MIlos Zeman at Capi Hnzido

Inquiry Into Babis’ Subsidy Fraud Case Halted

The state attorney on Monday halted the investigation into EU subsidy fraud by Andrej Babis, according to Denik N. The prosecutors office said its opinion of the case has “changed” but declined to provide further details. While authorities said they won’t comment further until the review is over, Prague prosecutor’s spokesman, Ales Cimbala, told public ...

Matt Atlas

Andrej Babis Agrofert

Babis Appeals Council Decision In Conflict Of Interest Case

Prime Minister Andrej Babis has appealed a new decision in his conflict of interest case. The Cernosice local council office is conducting administrative proceedings against the Prime Minister for violating the Conflict of Interest Act.   The case was referred to the local council by Transparency International after they uncovered evidence that Babis never relinquished ...