Czech Tennis Federation misses CZK 30 million fine payment deadline for subsidy fraud
The Czech Tennis Federation has so far not paid the almost CZK 30 million fine it was supposed to pay to the National Sports Agency by Monday as a penalty for the subsidy fraud committed by the federation’s president Ivo Kaderka and four other people. News site iRozhlas.cz reports that the organisation doesn't have enough money to pay the fine, with only approximately CZK 2.5 million in its accounts and having lost its main sponsor, which suspended its partnership with the association following the scandal. The National Sports Agency is expected to announce what the next steps will be at a press conference on Monday afternoon.
The five people associated with the Czech Tennis Federation were charged at the end of February for fraud involving millions of crowns in state subsidies intended for youth sports organizations.