Five charged with illegal transfer of over CZK 10 billion out of Czech Republic
04.07.2014 09:05
CR: The Czech police have charged five people with the illegal transfer of money out of the Czech Republic, mainly to Asia, a spokesperson for the force’s anti-corruption unit said on Tuesday. The amount involved has been put at over CZK 10 billion over four years. Detectives say that the money transfer was connected to the sale of goods on Asian markets that the accused did not pay tax on. The five, who police say used front companies based in Cyprus, are also accused of money laundering. The case is linked to the previous charging of 25 Czechs and Vietnamese in May last year.