Agriculture minister denies reports of family debts

Agriculture Minister Miroslav Toman on Wednesday denied reports of a massive debt incurred by his family firm, Agrotrade. The weekly Respekt reported that the firm got hundreds of millions of crowns in credit from banks, and later transferred its assets to another company, leaving Agrotrade some 600 million crowns in the red. However, Mr Toman said he was stationed abroad at that time, and never served on the company’s board. The firm said it would sue the magazine for an apology and damages.

Author: Jan Richter