The criminal complaint lodged last Friday (March 25) by Libor Jirků (TOP 09), a representative in the assembly of Prague 13, relating to the Key Investments brokerage has been passed by the public prosecution service to the police for investigation. Jirků is demanding the return of over Kč200 million of Prague 13’s money tied up in an investment portfolio managed by Key Investments.

Libor Jirků (TOP 09), a representative in the assembly of Prague 13, has lodged a criminal complaint relating to the Key Investments case. Prague 13 has more than Kč 200 million tied up in an investment portfolio managed by the brokerage and Jirků says there is a danger the city district will lose the money. As previously reported by Czech Position, David Vodrážka (Civic Democrats, ODS) has already requested Key Investments to return all the of the administration’s funds tied-up in portfolios managed by the brokerage.

After several weeks of embarrassing pseudo-obstacles, the Municipal Court in Prague has finally registered Karel Janeček’s (37) Anti-Corruption Endowment Fund. The doubts of the senior judicial official, Romana Janečková (no relation), about the general benefit of the fund’s activities and the academic qualifications of the organs’ members were convincingly refuted.

Czech entrepreneur Petr Kellner, the 46 year-old founder and majority shareholder of Dutch-registered PPF Group with 94.25 percent of shares, once again made it into the top 100 of the Forbes magazine’s rich list. The personal wealth of the richest Czech has reportedly grown by Kč 27.8 billion in a year, thanks to investments in China and Russia.