logo
Czech government survives no-confidence motion over bitcoin scandal

Czech government survives no-confidence motion over bitcoin scandal

Straits Times4 hours ago

PRAGUE - The Czech centre-right government on Wednesday survived a vote of no confidence, called after the acceptance of a payment to the state by an ex-convict worth $45 million in bitcoin sparked controversy within the ruling coalition months before an election.
The biggest opposition party, ANO, which leads opinion polls ahead of an October 3-4 election, had filed a no-confidence motion against Prime Minister Petr Fiala's government, accusing it of helping the former cybercriminal legitimise his bitcoin holdings of potentially illegal origin.
The motion failed after two days of debate in the lower house, where Fiala's ruling coalition led by his Civic Democrats Party, holds a majority.
Political veteran Pavel Blazek, from Fiala's party, resigned as justice minister on May 31 for accepting the payment on behalf of the state, though he denied doing anything illegal.
Fiala has called accepting the gift a political and ethical mistake.
The man who made the donation of 468 bitcoins to the state was in jail from 2017 until 2021 after being convicted of involvement in the drug trade, fraud and illegal possession of weapons for running an illegal drug market on the internet called Sheep Marketplace.
Blazek has faced criticism for possibly legitimising the ex-convict's assets, instead of turning to prosecutors or police to help secure them.
The gift, Blazek has said, was agreed to be 30% of bitcoins found in a wallet on computers returned to the ex-convict by courts earlier this year.
It was not clear what was the ex-convict's motivation to make the donation. REUTERS
Join ST's Telegram channel and get the latest breaking news delivered to you.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cornell University warns of job losses, austerity after Trump funding cuts
Cornell University warns of job losses, austerity after Trump funding cuts

Straits Times

time33 minutes ago

  • Straits Times

Cornell University warns of job losses, austerity after Trump funding cuts

Cornell University warned of job cuts and 'financial austerity in all areas' as it steps up efforts to address budget shortfalls stemming from US funding cuts under President Donald Trump. Short-term measures are no longer enough to plug the gaps left by the loss of hundreds of millions of dollars in federal research contracts, Cornell President Michael Kotlikoff and other school leaders wrote in a message on June 18. The Ivy League university now needs to shrink its workforce and cut other costs to bring about 'permanent change to our operational model,' they said. 'It is important that every member of this community understands both the scale of the challenges our university faces, and the seriousness of the risks,' they said. 'Cornell's funding model, developed over 160 years, is strong and diversified, and has carried us successfully through many past crises. We are now experiencing simultaneous attacks or threats on every element of that model.' Mr Trump has ramped up financial pressure on universities, pushing to raise a tax on endowments and cancelling research deals while hammering schools for their handling of anti-semitism on campus following the Oct 7, 2023, attack by Hamas on Israel and the Jewish state's retaliatory response in Gaza. Other schools including Harvard University and the Massachusetts Institute of Technology have also cut costs in response to the pressure. Cornell, which had some federal grants frozen earlier this year, said it was contending with 'rapidly escalating' legal costs and increased personnel expenses. Headcount has increased by more than 15 per cent in the past four years, significantly outpacing the university's revenue growth, it said. The need for personnel will be reviewed across every part of the Ithaca, New York-based school, they said. The university expects to make involuntary staff cuts, not just control costs through attrition. Cornell will also keep in place hiring restrictions and limits on travel and other discretionary expenses. Looking ahead, the school leaders cited the threats posed by the loss of future federal funding and financial aid and the proposed endowment-tax hike in the budget 'One Big, Beautiful Bill' now pending in the US Senate. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.

Bolsonaro was main beneficiary in illegal surveillance scheme, Brazil police allege
Bolsonaro was main beneficiary in illegal surveillance scheme, Brazil police allege

Straits Times

time33 minutes ago

  • Straits Times

Bolsonaro was main beneficiary in illegal surveillance scheme, Brazil police allege

Former Brazilian President Jair Bolsonaro attends Brazil's Supreme Court trial over an alleged coup attempt, in Brasilia, Brazil June 9, 2025. REUTERS/Diego Herculano/File Photo BRASILIA - Former Brazilian President Jair Bolsonaro allegedly helped orchestrate an illegal surveillance scheme by intelligence agency ABIN to target his political enemies during his term, a federal police report showed on Wednesday. The report, which was released by the Supreme Court, said the group used ABIN to spy on and attack political foes and state institutions and to disseminate fake news. The findings, based on testimony, documents from search operations and other evidence, identified Bolsonaro as the "main beneficiary" from the surveillance. Bolsonaro's lawyer, Celso Vilardi, said he had not yet reviewed the police report and could not comment. Despite implicating Bolsonaro, police did not formally accuse him in the report, which did accuse more than 30 other individuals. Supreme Court Justice Alexandre de Moraes said he made the findings public after leaks led to conflicting media reports on the matter on Tuesday. Police noted potential links between the ABIN probe and an investigation into an alleged coup attempt, in which Bolsonaro is already a defendant. The decision on whether to charge Bolsonaro in the surveillance case has been left to Brazil's Prosecutor General's Office. Among those formally accused was Carlos Bolsonaro, the former president's son and a Rio de Janeiro city councilor, who police alleged was part of the criminal organization. The younger Bolsonaro has denied wrongdoing, stating on Tuesday that the investigation aimed to harm him ahead of next year's elections. Alexandre Ramagem, the former head of ABIN under Bolsonaro's administration, and Luiz Fernando Correa, the current head of the agency, were also among the people formally accused by police, the report showed. Ramagem was accused of being part of a criminal organization and using ABIN to illegal ends, while Correa is suspected of obstructing the police investigation into the agency, police said. Ramagem could not be reached for comment on Wednesday, but said in a post on X on Tuesday that he would analyze the accusations once he had access to the police report. ABIN did not immediately respond to a request for comment on Wednesday. It had declined to comment on Tuesday. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

New Zealand halts Cook Islands funding over China row
New Zealand halts Cook Islands funding over China row

Straits Times

timean hour ago

  • Straits Times

New Zealand halts Cook Islands funding over China row

A spokesperson for New Zealand Foreign Minister Winston Peters (pictured) said the country's core sector support funding relies on a high trust bilateral relationship. PHOTO: REUTERS WELLINGTON - New Zealand announced on June 19 it was suspending NZ$18.2 million (S$14.1 million) in budget funding to the Cook Islands, as the relationship between the two constitutionally linked countries continues to deteriorate amid the Cook Islands' deepening ties with China. A spokesperson for New Zealand Foreign Minister Winston Peters said in a statement that the country's core sector support funding relies on a high trust bilateral relationship and New Zealand decided in early June to pause the funding. We "will also not consider significant new funding until the Cook Islands Government takes concrete steps to repair the relationship and restore trust," the spokesperson said. "New Zealand hopes that steps will be taken swiftly to address New Zealand's concerns so that this support can be resumed as soon as possible." New Zealand along with Australia has become increasingly cautious about China's growing presence in the Pacific region and the potential threats it poses to the country's national security. In January, the government halted new development funding to the Republic of Kiribati, an island in Micronesia. The Cook Islands is a self-governing country in free association with New Zealand. New Zealand commits to defend the South Pacific nation if asked, Cook Islanders are New Zealand citizens, and the two countries commit to consult on security, defence and foreign policy issues. Over the past three years, New Zealand has provided NZ$194.2 million to the Cook Islands through the development programme, according to the government. In February, Cook Islands Prime Minister Mark Brown visited China and signed a strategic partnership that spanned areas from deep-sea mining to education scholarships but excluded security ties. This concerned New Zealand, which says the Cook Islands did not properly consult on the documents ahead of the signing, which breached the arrangement between the two countries. The Cook Islands government had not responded to a request for comment at the time of publishing. The New Zealand government said Mr Brown was told of the decision in early June by letter. Mr Peters' spokesperson said that the agreements signed by the Cook Islands and China and the lack of consultation with New Zealand about them, illustrate a gap in understanding between the Cook Islands and New Zealand governments about what their special relationship of free association requires. "Trust and meaningful engagement are fundamental to free association," he said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store