Fugitive Krejčíř ordered to pay compensation in connection with large-scale fraud

The fugitive Czech businessman Radovan Krejčíř has been ordered to pay CZK 48 million in compensation to a company he was found guilty of defrauding. The Olomouc High Court also confirmed a previous sentence of 6.5 years in prison for swindling the company Frymis out of nearly CZK 75 million. Mr Krejčíř, who is wanted on further charges of fraud and conspiring to murder, fled the Czech Republic in 2005 after escaping from police during a search of his home. He is currently in South Africa, where local authorities have refused requests for his extradition.