Prosecution of Czech businessmen over Setuza halted

State attorneys have halted the prosecution of businessman Tomas Pitr and Michal Zouhar, chairman of board at the food and chemicals company Setuza, a spokesman for the Prague State Attorney's Office said on Thursday. The prosecutors rejected the police proposal to charge both men with abuse of information in business transactions in a case connected with Setuza. The men were suspected of causing 750 million crowns worth of damage, and if found guilty, they would have faced up to 12 years in prison.

Mr Pitr has already been convicted in another case. He was sentenced to five years in prison for tax evasion but has not yet started serving his sentence.