{"id":8259,"date":"2019-11-04T18:05:45","date_gmt":"2019-11-04T17:05:45","guid":{"rendered":"https:\/\/praguebusinessjournal.com\/?p=8259"},"modified":"2019-11-04T18:06:45","modified_gmt":"2019-11-04T17:06:45","slug":"babis-subject-of-subsidy-fraud-investigation-by-nyt","status":"publish","type":"post","link":"https:\/\/praguebusinessjournal.com\/babis-subject-of-subsidy-fraud-investigation-by-nyt\/","title":{"rendered":"Babis Subject Of Subsidy Fraud Investigation By NYT"},"content":{"rendered":"<p>Andrej Babis is featured in a <a href=\"https:\/\/www.nytimes.com\/2019\/11\/03\/world\/europe\/eu-farm-subsidy-hungary.html\">report<\/a> by The New York Times on <a href=\"https:\/\/praguebusinessjournal.com\/key-events-in-babiss-stork-nest-capi-hnizdo-eu-subsidy-fraud-case\/\">subsidy fraud<\/a> in the European Union. The report shines a light on the EU\u2019s secretive subsidy system, and exposes how it&#8217;s being abused to enrich oligarchs, populists and mafia figures:<\/p>\n<p>&nbsp;<\/p>\n<p>In the Czech Republic, the highest-profile subsidy recipient is Andrej Babis, the billionaire agriculturalist who is also the prime minister. The Times analysis found his companies in the Czech Republic collected at least $42 million in agricultural subsidies last year. Mr. Babis, who denied any wrongdoing, is the subject of two conflict-of-interest audits this year. The Czech government has, in recent years, ushered in rules that make it easier for big companies \u2014 his is the biggest \u2014 to receive more subsidies.<\/p>\n<p>&nbsp;<br \/>\n\u201cThe European Union is paying so much money to an oligarch who\u2019s also a politician,\u201d said Lukas Wagenknecht, a Czech senator and economist who used to work for Mr. Babis. \u201cAnd what\u2019s the result? You have the most powerful politician in the Czech Republic, and he\u2019s completely supported by the European Union.\u201d<br \/>\n&nbsp;<br \/>\nRead the full story at <a href=\"https:\/\/www.nytimes.com\/2019\/11\/03\/world\/europe\/eu-farm-subsidy-hungary.html\">The New York Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrej Babis is featured in a report by The New York Times on subsidy fraud in the European Union. The report shines a light on the EU\u2019s secretive subsidy system, and exposes how it&#8217;s being abused to enrich oligarchs, populists and mafia figures: &nbsp; In the Czech Republic, the highest-profile subsidy recipient is Andrej Babis, &#8230; <a title=\"Babis Subject Of Subsidy Fraud Investigation By NYT\" class=\"read-more\" href=\"https:\/\/praguebusinessjournal.com\/babis-subject-of-subsidy-fraud-investigation-by-nyt\/\" aria-label=\"Read more about Babis Subject Of Subsidy Fraud Investigation By NYT\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":1432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3],"tags":[58],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Babis Subject Of Subsidy Fraud Investigation By NYT - Prague Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/praguebusinessjournal.com\/babis-subject-of-subsidy-fraud-investigation-by-nyt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Babis Subject Of Subsidy Fraud Investigation By NYT - Prague Business Journal\" \/>\n<meta property=\"og:description\" content=\"Andrej Babis is featured in a report by The New York Times on subsidy fraud in the European Union. The report shines a light on the EU\u2019s secretive subsidy system, and exposes how it&#8217;s being abused to enrich oligarchs, populists and mafia figures: &nbsp; In the Czech Republic, the highest-profile subsidy recipient is Andrej Babis, ... 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