Chris Johnstone|19.03.2012

State forestry giant, Ag Min attacked over dubious contracts

The Czech Republic’s biggest forestry firm, state-controlled Lesy ČR, wasted money and sealed dubious contracts which damaged the public interest, the country’s spending watchdog, the Supreme Audit Office (NKÚ) has reported. The Farm Ministry failed to fulfill its responsibility to oversee the company, it added.

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István Léko|07.03.2011

Lesy ČR gets money back from Key Investments

Key Investments — an opaque brokerage now under investigation by the anti-corruption police and Czech National Bank (ČNB) regulators — has returned to state-owned forestry company Lesy ČR the Kč 69 million remaining in its portfolio, Lesy ČR Svatopluk Sýkora told Czech Position.