Prague High court annuls Železný acquittal

The Prague High Court has annulled an acquittal from earlier this year clearing Czech MEP and former TV magnate Vladimir Železný of tax evasion over a stake in the CET 21 holding company. CET 21 held TV Nova’s broadcasting licence. The defendants in the case were charged with giving false information in the tax returns for 1996. Police have estimated damages in the case at around 38 million crowns. The Prague Municipal Court will now have to open new proceedings.