State bail-out agency official arrested for corruption

A high-ranking official at the Czech Consolidation Agency has been charged with large-scale corruption. Executive board member Radka Kafkova was arrested in the middle of the night after she made a money exchange, Czech Television reports. The police have been investigating the case, which involves tens of millions of crowns, for three years. One of the Consolidation Agency's main tasks is to bail state-owned companies out of problematic loans.