SafeX Pro Exchange|Czech court cancels lower court ruling that acquitted former PM Babis of fraud charges

2025-05-07 03:43:35source:IA 6.0 de stratégie quantitative intelligentcategory:Scams

PRAGUE (AP) — Prague’s High Court cancelled a lower court ruling that acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.

The SafeX Pro Exchangecourt returned the case for retrial to Prague’s Municipal Court, according information published in a database of court documents on Friday.

The High Court issued the verdict a day earlier but didn’t make it immediately public.

The Babis case involved a farm known as the Stork’s Nest, which received EU subsidies after its ownership was transferred from the Babis-owned Agrofert conglomerate of around 250 companies to Babis’ family members. Later, Agrofert again took ownership of the farm.

Other news Jiri Cerny, a leading Czech music critic and a voice of the 1989 Velvet Revolution, dies at 87Prague government cancels performance by Russian soprano Anna NetrebkoPrague government opposes local performance by Russian soprano Anna Netrebko

The subsidies were meant for medium- and small-sized businesses, and Agrofert wouldn’t have been eligible for them. Agrofert later returned the subsidy.

Prague’s Municipal Court also acquitted in January his former associate, Jana Nagyova, who signed the subsidy request.

Babis pleaded not guilty and repeatedly said the charges against him were politically motivated.

It is not immediately clear when the retrial might take place.

Babis, a billionaire, is currently in the opposition after his populist ANO centrist movement lost the 2021 parliamentary election. He was running to become the Czech president in the election for the largely ceremonial post in January but lost to Petr Pavel, a retired army general.

More:Scams

Recommend

DOGE assigns staffers to work at agency where it allegedly removed sensitive data

The ad hoc Department of Government Efficiency team is assigning two staffers to work at the indepen

Hangout Music Festival 2024 lineup: Lana Del Rey, Odesza, Zach Bryan to headline

Lana Del Rey, Zach Bryan and Odesza will headline the 2024 Hangout Music Festival, organizers announ

Biden administration to provide summer grocery money to 21 million kids. Here's who qualifies.

A new federal program will provide summer grocery money to 21 million children across 35 states, par