Kozeny to remain is custody in the Bahamas

The Czech born financial magnate Viktor Kozeny who is wanted for extensive fraud and bribery both in the Czech Republic and the United States will remain in custody in the Bahamas. A local court judge refused to release Kozeny on bail and set December 5th as the deadline by which the Bahamian Foreign Ministry is to submit evidence in support of a US request for Kozeny's extradition. The Czech born fugitive billionaire faces prosecution in the USA after squandering millions of dollars from American investors in Azeri privatization schemes. The Czech Republic failed in its efforts to get Kozeny extradited and tried in the Czech Republic.