Pitr’s appeal rejected

The Prague High Court on Friday upheld a three-year prison sentence for businessman Tomas Pitr for tax evasion and an illegal transfer of shares. Pitr appealed the length of the sentence despite the fact that he will only have to serve 12 months, having already spent two years in custody. Pitr was found guilty in 2010 of having damaged the Agrocredit company, robbing them of shares worth 700 million crowns.