Wealthy Czech businessman sentenced to 5 years for tax fraud

One of the Czech Republic's most wealthy businessmen, Tomas Pitr, will serve five years in jail for financial crimes he committed twelve years ago. A Prague high court rendered the appeal verdict on Monday, reducing Pitr's original sentence by three and a half years. Pitr was found guilty of tax fraud that cost the state about 23.5 million crowns ($1.07 million USD).