Supreme Court confirms jail sentence for Viktor Kožený

The Czech Supreme Court on Tuesday rejected an appeal by fugitive Czech-born Irish financier Viktor Kožený and his associate Boris Vostrý, upholding their sentences of ten and nine years, respectively, for fraud, a spokesman for the court said. Mr Kožený, who resides in the Bahamas and is wanted for bribery by the US, was convicted in 2010 of having caused some 16 billion crowns of damages to a privatization fund he created in the 1990s. The men argued they were denied the right for fair trail, a claim rejected by the Supreme Court.

Author: Jan Richter