Latest news with #ANO
2 days ago
- Politics
Czech justice minister resigns over a donated bitcoin scandal
PRAGUE -- Czech Republic Justice Minister Pavel Blažek resigned from his post over a bitcoin-related scandal on Friday. Blažek was under fire from the opposition after his ministry accepted a donation of bitcoins and sold them for about 1 billion Czech koruna (more than $45 million) earlier this year. Blažek said that he wasn't aware of any wrongdoing, but didn't want the four-party coalition government led by Prime Minister Petr Fiala to be harmed by the scandal. Fiala said that he appreciated his resignation and believed that Blažek acted with goodwill. Blažek was a close ally of Fiala in the government, and also in his conservative Civic Democratic Party. It's not clear who might replace him. The issue focused on the fact that the bitcoins were donated to the ministry by a person who was previously convicted of drug dealing and other crimes. The opposition has accused Blažek of possible money laundering, because it wasn't clear where the bitcoins came from. It was also not clear why the person donated the bitcoins to the ministry. The issue has been investigated by the police organized crime unit. The scandal took place just months before the Oct 3-4 parliamentary election. The main opposition ANO (YES) party led by former populist Prime Minister Andrej Babiš is predicted to win the vote.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Czech justice minister resigns over a donated bitcoin scandal
PRAGUE (AP) — Czech Republic Justice Minister Pavel Blažek resigned from his post over a bitcoin-related scandal on Friday. Blažek was under fire from the opposition after his ministry accepted a donation of bitcoins and sold them for about 1 billion Czech koruna (more than $45 million) earlier this year. Blažek said that he wasn't aware of any wrongdoing, but didn't want the four-party coalition government led by Prime Minister Petr Fiala to be harmed by the scandal. Fiala said that he appreciated his resignation and believed that Blažek acted with goodwill. Blažek was a close ally of Fiala in the government, and also in his conservative Civic Democratic Party. It's not clear who might replace him. The issue focused on the fact that the bitcoins were donated to the ministry by a person who was previously convicted of drug dealing and other crimes. The opposition has accused Blažek of possible money laundering, because it wasn't clear where the bitcoins came from. It was also not clear why the person donated the bitcoins to the ministry. The issue has been investigated by the police organized crime unit. The scandal took place just months before the Oct 3-4 parliamentary election. The main opposition ANO (YES) party led by former populist Prime Minister Andrej Babiš is predicted to win the vote.
Hindustan Times
2 days ago
- Business
- Hindustan Times
Minister of this country resigned over $45 million ‘Bitcoin gift from drug dealer'
Czech Republic's justice minister Pavel Blazek on Friday stepped down amid growing public and political pressure over his ministry's handling of a controversial Bitcoin donation linked to a convicted criminal. The scandal erupted after local media reported that the ministry had accepted a 'cryptocurrency gift' from a convicted drug dealer, later selling the Bitcoin for around 1 billion koruna (approximately $45 million), according to a Bloomberg report. State prosecutors then launched an investigation into the matter. Although Blazek denied any wrongdoing, he announced his resignation on social media platform X, stating that he was unaware of any illegal activity but did not want to tarnish the government's image. "I don't want to damage the reputation of the government, nor the governing coalition," he wrote. Earlier, Czech Republic's justice minister Pavel Blazek defended the transaction, arguing there was no evidence that the cryptocurrency had criminal origins. Nonetheless, the revelation sparked a political storm, especially with national elections looming in October. Prime Minister Petr Fiala, whose coalition is currently lagging behind in the polls, acknowledged Pavel Blazek's intentions and described the resignation as a 'responsible' act. 'I'm convinced Minister Blazek acted in good faith,' Fiala said, while noting the move was necessary to protect the integrity of the government. Elections are due in October in Czech Republic, where its most popular political party has pledged to seek full state ownership in power producer CEZ AS to boost energy security if it returns to government. The ANO group, led by billionaire former Prime Minister Andrej Babis, is weighing three different paths to raise the government's ownership to 100 per cent from 70 per cent, the party's deputy leader Karel Havlicek said in an interview, according to Bloomberg. The buyout of minority stakes in the biggest traded generator in eastern Europe, with a market value of about $29 billion, would be funded by CEZ itself, he said.
Yahoo
2 days ago
- Business
- Yahoo
Czech justice minister resigns over a donated bitcoin scandal
PRAGUE (AP) — Czech Republic Justice Minister Pavel Blažek resigned from his post over a bitcoin-related scandal on Friday. Blažek was under fire from the opposition after his ministry accepted a donation of bitcoins and sold them for about 1 billion Czech koruna (more than $45 million) earlier this year. Blažek said that he wasn't aware of any wrongdoing, but didn't want the four-party coalition government led by Prime Minister Petr Fiala to be harmed by the scandal. Fiala said that he appreciated his resignation and believed that Blažek acted with goodwill. Blažek was a close ally of Fiala in the government, and also in his conservative Civic Democratic Party. It's not clear who might replace him. The issue focused on the fact that the bitcoins were donated to the ministry by a person who was previously convicted of drug dealing and other crimes. The opposition has accused Blažek of possible money laundering, because it wasn't clear where the bitcoins came from. It was also not clear why the person donated the bitcoins to the ministry. The issue has been investigated by the police organized crime unit. The scandal took place just months before the Oct 3-4 parliamentary election. The main opposition ANO (YES) party led by former populist Prime Minister Andrej Babiš is predicted to win the vote.
The Independent
2 days ago
- Business
- The Independent
Czech justice minister resigns over a donated bitcoin scandal
Czech Republic Justice Minister Pavel Blažek resigned from his post over a bitcoin-related scandal on Friday. Blažek was under fire from the opposition after his ministry accepted a donation of bitcoins and sold them for about 1 billion Czech koruna (more than $45 million) earlier this year. Blažek said that he wasn't aware of any wrongdoing, but didn't want the four-party coalition government led by Prime Minister Petr Fiala to be harmed by the scandal. Fiala said that he appreciated his resignation and believed that Blažek acted with goodwill. Blažek was a close ally of Fiala in the government, and also in his conservative Civic Democratic Party. It's not clear who might replace him. The issue focused on the fact that the bitcoins were donated to the ministry by a person who was previously convicted of drug dealing and other crimes. The opposition has accused Blažek of possible money laundering, because it wasn't clear where the bitcoins came from. It was also not clear why the person donated the bitcoins to the ministry. The issue has been investigated by the police organized crime unit. The scandal took place just months before the Oct 3-4 parliamentary election. The main opposition ANO (YES) party led by former populist Prime Minister Andrej Babiš is predicted to win the vote.
