The man accused of mismanagement of others' people property faces up to eight years in prison if found guilty. Galileo manager Jan Sik who issued a written consent for the withdrawal of the money from the account later explained his move Rice says Czechs might travel to USA visa-free by year end ...
Czechs donate three more helicopters to Afghanistan ... by his intention to make profit from the money abroad. The money appeared at the account of the Swiss UBS bank, one of the largest banks in the world. At the end of last year the Czech government agreed with UBS that the bank would return 420 million crowns to the Czech state and that the remaining money would be exacted from Milos Skorepa who mediated the money transfer. According to Skrepek, the accused man was authorised by Galileo Real to conduct the negotiations.
In 2004-2005 he allegedly transferred the money to foreign banks without the company's awareness. The sum has finally ended up in a private bank account and its owners used it for its own purposes. The 32-year-old man is being prosecuted at liberty. Skorepa and another businessman, Frantisek Savov, mediated the opening of the account in the Swis UBS bank. Skorepa then was assuring the Czech media for many months that he would return the money. CKA has filed complaints against all three main protagonists in the transaction. (USD1=16.566 Czech crowns)
(Ceske Noviny)
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