Tuesday, 9 July 2019

Czech billionaire's CPI sold CZK 14 bn in perpetual bonds a day before CZK 70 bn lawsuit filed in NY

Radio Prague |
15 April 2019

Czech billionaire developer Radovan VĂ­tek's CPI Property Group completed the sale last week of 550 million euros (CZK 14 billion) in 4.9% bonds, a day before a CZK 70 billion lawsuit was filed against the him, the company and others in a US District court in New York over alleged fraud.