Press: Rittig and other detainees took CZK 20 million out of company

Businessman Ivo Rittig and other persons charged with asset-stripping the firm Oleo Chemical took a total of CZK 20 million out of the company, two newspapers reported on Tuesday, quoting the formal indictment. Mr. Rittig and nine others arrested on Friday are also suspected of money laundering and tax evasion. Mr. Rittig was previously accused of creaming off a percentage of the cost of tickets for the Prague public transport system via another company that has been linked to the Oleo Chemical case. Based in Moncaco, Mr. Rittig is said to have influence over some politicians and was reported to have contact with Jana Nagyová, whose arrest while she was prime minister Petr Nečas’s chief of staff helped bring down his government in 2013.

Author: Ian Willoughby