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

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Czech billionaire developer Radovan Vítek’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.

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