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Police file fraud charges over czech utility CEZ - Report

Power News - Published on Wed, 13 Feb 2019

Image Source: Business Wire
Czech Radio citing the state prosecutor reported that police will charge five people with fraud in connection with the sale of a giant solar plant to state-controlled utility ?EZ nearly a decade ago.

Prague-listed ?EZ bought the Šev?tín photovoltaic power plant, the country’s third largest, from the opaque company Gentley in 2010.

Apart from the multi-billion crown sale price, said to have been twice the market rate, ?EZ paid over 100 million crowns to supply companies and other entities in dubious contracts, the police organised-crime unit allege.

According to Radiožurnál, the police earlier filed criminal charges against one current and one former ?EZ manager, three people from the company Mapra and another from IES Recycling.

Source :

Posted By : Rabi Wangkhem on Wed, 13 Feb 2019
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