Latest news with #Agrofert
9 hours ago
- Business
Czech court cancels for second time ruling that acquits former Prime Minister Babiš of fraud charges
PRAGUE -- Prague's High Court canceled for the second time on Monday a lower court ruling that acquitted former Prime Minister Andrej Babiš of fraud charges in a $2 million case involving a European Union subsidy. The court returned the case for retrial to Prague's Municipal Court to deal with it, saying the lower court, which acquitted Babiš for the second time last year, did not properly assess evidence. Babiš had pleaded not guilty and repeatedly said the charges against him were politically motivated. The prosecution had originally requested a suspended sentence and a fine to be paid by the populist billionaire who left the courtroom before the verdict was announced. The municipal court acquitted Babis for the first time in 2023. Prague's High Court later canceled that decision and ordered the case to be retried at the same court. Babiš' former associate Jana Nagyová, who signed the subsidy request, will also face retrial. The case centered around a farm known as the Stork's Nest, which received EU subsidies after its ownership was transferred from the Babiš-owned Agrofert conglomerate of around 250 companies to Babis' family members. Later, Agrofert again took ownership of the farm. The subsidies were meant for medium- and small-sized businesses, which Agrofert wouldn't have been eligible for. The conglomerate later returned the subsidy. The lower court previously said what Babiš did was not considered criminal. Babi has become part of the country's opposition after his populist ANO (YES) centrist movement lost the 2021 parliamentary election. He also contended for the largely ceremonial post of president in January 2023 but lost to Petr Pavel, a retired army general. Monday's verdict comes just months before October's parliamentary election in which Babiš and his movement are predicted to win the vote.
San Francisco Chronicle
11 hours ago
- Business
- San Francisco Chronicle
Czech court cancels for second time ruling that acquits former Prime Minister Babiš of fraud charges
PRAGUE (AP) — Prague's High Court canceled for the second time on Monday a lower court ruling that acquitted former Prime Minister Andrej Babiš of fraud charges in a $2 million case involving a European Union subsidy. The court returned the case for retrial to Prague's Municipal Court to deal with it, saying the lower court, which acquitted Babiš for the second time last year, did not properly assess evidence. Babiš had pleaded not guilty and repeatedly said the charges against him were politically motivated. The prosecution had originally requested a suspended sentence and a fine to be paid by the populist billionaire who left the courtroom before the verdict was announced. The municipal court acquitted Babis for the first time in 2023. Prague's High Court later canceled that decision and ordered the case to be retried at the same court. Babiš' former associate Jana Nagyová, who signed the subsidy request, will also face retrial. The case centered around a farm known as the Stork's Nest, which received EU subsidies after its ownership was transferred from the Babiš-owned Agrofert conglomerate of around 250 companies to Babis' family members. Later, Agrofert again took ownership of the farm. The subsidies were meant for medium- and small-sized businesses, which Agrofert wouldn't have been eligible for. The conglomerate later returned the subsidy. The lower court previously said what Babiš did was not considered criminal. Babi has become part of the country's opposition after his populist ANO (YES) centrist movement lost the 2021 parliamentary election. He also contended for the largely ceremonial post of president in January 2023 but lost to Petr Pavel, a retired army general. Monday's verdict comes just months before October's parliamentary election in which Babiš and his movement are predicted to win the vote.
Time of India
11 hours ago
- Business
- Time of India
Czech court cancels for second time ruling that acquits former Prime Minister BabiS of fraud charges
AP image PRAGUE: Prague's high court canceled for the second time on Monday a lower court ruling that acquitted former Prime Minister Andrej BabiS of fraud charges in a $2 million case involving a European Union subsidy. The court returned the case for retrial to Prague's municipal court to deal with it, saying the lower court, which acquitted BabiS for the second time last year, did not properly assess evidence. BabiS had pleaded not guilty and repeatedly said the charges against him were politically motivated. The prosecution had originally requested a suspended sentence and a fine to be paid by the populist billionaire who left the courtroom before the verdict was announced. The municipal court acquitted Babis for the first time in 2023. Prague's high court later canceled that decision and ordered the case to be retried at the same court. BabiS' former associate Jana Nagyova, who signed the subsidy request, will also face retrial. The case centred around a farm known as the Stork's Nest, which received EU subsidies after its ownership was transferred from the BabiS-owned Agrofert conglomerate of around 250 companies to Babis' family members. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas in Dubai | Search Ads Get Info Undo Later, Agrofert again took ownership of the farm. The subsidies were meant for medium- and small-sized businesses, which Agrofert wouldn't have been eligible for. The conglomerate later returned the subsidy. The lower court previously said what BabiS did was not considered criminal. Babi has become part of the country's opposition after his populist ANO (YES) centrist movement lost the 2021 parliamentary election. He also contended for the largely ceremonial post of president in January 2023 but lost to Petr Pavel, a retired army general. Monday's verdict comes just months before October's parliamentary election in which BabiS and his movement are predicted to win the vote.
Hamilton Spectator
11 hours ago
- Politics
- Hamilton Spectator
Czech court cancels for second time ruling that acquits former Prime Minister Babiš of fraud charges
PRAGUE (AP) — Prague's High Court canceled for the second time on Monday a lower court ruling that acquitted former Prime Minister Andrej Babiš of fraud charges in a $2 million case involving a European Union subsidy. The court returned the case for retrial to Prague's Municipal Court to deal with it, saying the lower court, which acquitted Babiš for the second time last year , did not properly assess evidence. Babiš had pleaded not guilty and repeatedly said the charges against him were politically motivated. The prosecution had originally requested a suspended sentence and a fine to be paid by the populist billionaire who left the courtroom before the verdict was announced. The municipal court acquitted Babis for the first time in 2023. Prague's High Court later canceled that decision and ordered the case to be retried at the same court. Babiš' former associate Jana Nagyová, who signed the subsidy request, will also face retrial. The case centered around a farm known as the Stork's Nest, which received EU subsidies after its ownership was transferred from the Babiš-owned Agrofert conglomerate of around 250 companies to Babis' family members. Later, Agrofert again took ownership of the farm. The subsidies were meant for medium- and small-sized businesses, which Agrofert wouldn't have been eligible for. The conglomerate later returned the subsidy. The lower court previously said what Babiš did was not considered criminal. Babi has become part of the country's opposition after his populist ANO (YES) centrist movement lost the 2021 parliamentary election. He also contended for the largely ceremonial post of president in January 2023 but lost to Petr Pavel, a retired army general. Monday's verdict comes just months before October's parliamentary election in which Babiš and his movement are predicted to win the vote. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Winnipeg Free Press
11 hours ago
- Business
- Winnipeg Free Press
Czech court cancels for second time ruling that acquits former Prime Minister Babiš of fraud charges
PRAGUE (AP) — Prague's High Court canceled for the second time on Monday a lower court ruling that acquitted former Prime Minister Andrej Babiš of fraud charges in a $2 million case involving a European Union subsidy. The court returned the case for retrial to Prague's Municipal Court to deal with it, saying the lower court, which acquitted Babiš for the second time last year, did not properly assess evidence. Babiš had pleaded not guilty and repeatedly said the charges against him were politically motivated. The prosecution had originally requested a suspended sentence and a fine to be paid by the populist billionaire who left the courtroom before the verdict was announced. The municipal court acquitted Babis for the first time in 2023. Prague's High Court later canceled that decision and ordered the case to be retried at the same court. Babiš' former associate Jana Nagyová, who signed the subsidy request, will also face retrial. The case centered around a farm known as the Stork's Nest, which received EU subsidies after its ownership was transferred from the Babiš-owned Agrofert conglomerate of around 250 companies to Babis' family members. Later, Agrofert again took ownership of the farm. The subsidies were meant for medium- and small-sized businesses, which Agrofert wouldn't have been eligible for. The conglomerate later returned the subsidy. The lower court previously said what Babiš did was not considered criminal. Babi has become part of the country's opposition after his populist ANO (YES) centrist movement lost the 2021 parliamentary election. He also contended for the largely ceremonial post of president in January 2023 but lost to Petr Pavel, a retired army general. Monday's verdict comes just months before October's parliamentary election in which Babiš and his movement are predicted to win the vote.
