Three remanded in custody in state bail-out agency case

All three people charged with corruption in the case the Czech Consolidation Agency have been remanded in custody, a Prague court announced on Friday. The agency's executive board member Radka Kafkova was arrested on Tuesday night after she made a money exchange. She has been charged with large-scale corruption, along with a former employee of the agency, Josef Tykva and businessman Pavel Hrach. Police have seized 420 million Czech crowns from their bank accounts. One of the Consolidation Agency's main tasks is to bail state-owned companies out of problematic loans.