Swiss prosecutors discover corruption in Škoda Plzeň privatization

Swiss prosecutors have uncovered new evidence of corruption related to the 2002 privatization of the Czech engineering giant Škoda Plzeň, the daily Mladá fronta Dnes reported on Thursday. The detectives found out that the Appian Group, which acquired the engineering firm, sent 150 million crowns in consultation fees to an offshore company which later transferred the money to firms in the Czech Republic. Last year, Swiss authorities reportedly asked Czech prosecutors for cooperation in investigating the illegitimate money trails.