Friday, February 15, 2008

Viktor Kozeny Claims Czech Court Case Against Him Was Fabricated

Prague - Viktor Kozeny, the former president of the Harvard Investment Funds, has called for Czech state prosecutor Jaromir Jindrich to make all transactions of the funds public on the Internet and to demonstrate which rules were broken, so that all Czech citizens may judge for themselves. "Stocks were never sold for less than the official market prices for the given day and all trades went through the Prague stock market completely correctly", stated Kozeny and he repeatedly stressed that according to him no law was broken. Kozeny also claims the court case against him was fabricated in order to discredit the process of privatization, which was underway in the Czech Republic at the time. Kozeny is accused of tunneling 16 billion Czech crowns (nearly 1 billion U.S. dollars) from the funds during the early 1990's. He remains in the Bahamas and refuses extradition to the Czech Republic to face trial in person. (sources: novinky.cz, CTK)

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