Alone, Chrenek made ČEZ write off CZK 1,449,604,189.74

The creditors of bankrupt Moravia Energo had to say good-by to a total of CZK 4bn. The big winner of this sorry contest is the half-state-owned energy giant ČEZ. Together with its affiliates ČEZ Distribuce (Distribution), and ČEZ Prodej (Sales), ČEZ filed a CZK 1.59bn claim against Tomáš Chrenek’s Moravia Energo, from which CZK 1.45bn is irretrievably lost. Sadly, this method of ‚doing business‘ is all too common in the Czech Republic these days.

Translated by Lingvus

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