According to the police, the KB employees, Samuel Sykora, Rene Kazda and Ilona Stepnickova, deprived KB of over one billion crowns in dubious deals with Austrian B.C.L.
Trading company of Barak Alon. Last May, a Prague district state attorney halted their prosecution, but KB lawyer Jaroslav Polansky filed a complaint against the decision. Prague City state attorney Michaela Sobolova then cancelled the verdict, but shelved the prosecution, citing statutory barring as the reason. The accused originally faced up to eight years in prison for breach of trust if found guilty. This has been only one in a series of cases concerning the KB deals from the end of the 1990s investigated by the Czech police. Pravo recalls that eight former members of the KB boards have been prosecuted on suspicion of breach of trust since 2004 in connection with loans for Barak Alon. Along with them, former KB general director Jan Kollert was also accused, but he died at the end of last year. The Prague district court acquitted the bank boards members of charges three times, but the appeals court always annulled the verdict. In mid-May, the police again accused three former KB executives of loan frauds worth at least half a billion crowns. The case concerned dubious loans the bank provided to companies of former Czech Football Association (CMFS) chairman Frantisek Chvalovsky. Former KB deputy general manager and board member Vladimir Sulc, former KB banking division head Pavel Kalvoda and his former deputy Miroslav Cermak face up to 12 years if found guilty. In 2006, Former KB manager Jirina Kaplanova was sent to five years in prison for a fraud in connection with dubious loans to Chvalovsky's companies. (USD1=15.102 crowns)
(Ceske Noviny)
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