Czech Land Fund reviews 55 real estate contracts

The Czech Republic's Land Fund will review around fifty-five real estate contracts closed from June 7 to July 1. The Fund, which primarily manages state-owned real estate, is looking into allegations that it transferred some 600 hectares of lucrative land to speculators, in deals that profited them two billion crowns. The deputy director of the Fund's executive committee, Karel Machovec, says two employees have already been fired in connection with the affair. The opposition Civic Democrats called onto agriculture minister Petr Zgarba, who chairs the Fund, to resign from the post of minister last week.