REPORT on the Breaking of Czech National Property in 90. years 20. century

3 03. 06. 2022
6th international conference of exopolitics, history and spirituality

The following report is not intended to be complete and comprehensive. It is very likely that many crimes and 'tunnels' have completely escaped from its spectrum or are only partially or marginally captured. Nevertheless, it seeks to document the crimes and thefts of national property that took place in the XNUMXs, mainly on the basis of true or well-known facts and facts whose relevance and truthfulness can be verified by anyone. Its purpose is both to document and capture the crimes committed and to blame the perpetrators. Most of them are former Communists, StB or KGB agents.

GENESIS

The unsustainability of the communist regime in the late 80s forced the entire Bolshevik establishment to act. A signal was sent to controlled dissident circles to initiate "revolutionary" steps. It is interesting that most important persons who later occupied high state positions or tunneled banks recruited from the Czechoslovak Academy of Sciences (CSAV), mostly from the Prognostic Institute. Names like Komárek, Klaus, Zeman, Czech, Dyba, Dlouhý, Ransdorf, Salzmann, Ježek, Klausová and others worked in this institution full of tall communists. They represented both the cadre reserve for the new regime and the cadre nomenclature reserve of the old regime. The head of the Forecasting Institute, a convinced Communist, a friend of Che Guevara and the 20 Deputy Prime Minister of the Czechoslovak Federal Republic, Valtr Komárek himself called him School of Revolution.

This revolution, as it is known, has earned the nickname velvet, due to its nonconflict and almost consensual character. It already suggests that it was not a revolution in the true sense of the word, but a program handover of power, respectively. about keeping power in the hands of communist cadres. The first steps of the Civic Forum headed by Vaclav Havel have suggested that there is no revolution at all, but only a change in the system of the regime. Unfortunately, in the evoked euphoria and in the hope of depriving the communist yoke, the trained Bolshevik revolutionaries from the Prognostic Institute (together with Havel dissidents and manipulated students) managed to change the regime and leave the Communists in power.

Marián Čalfa Symbolical and tragic expression of this fact was the installation Marián Čalfa, at that time an active KGB agent, in the chair of the Prime Minister at 10.12.1989, where he stayed until 2.7.1992. During the Communist era, Čalfa was in CTK, then appointed as Chairman of the Legislative Council of the Government of the Czechoslovak Socialist Republic and also tried the post of Communist minister. Václav Havel chose him as the closest associate.
COUPON PRIVATIZATION

ku At first, one magic sentence, where a world-renowned economist working in the World Bank, David Ellerman, in connection with coupon privatization, named Václav Klaus for market Bolshevik and architect financial piracy. Students interested in economics can recommend the article Dr. Ellerman from 2001 under the name Lessons from Eastern Europe's Voucher Privatization.

It must be admitted that the idea of ​​coupon privatization was genuinely refined. To give people the feeling that they get something and then legally take possession of the property left behind by the Communists.

For architects (at least official) voucher privatizations (although, in his autobiography by Václav Kalus, Dušan Třísk), can be considered:

  1. DUŠANA TŘÍSKA, b. 14. 4. 1946
  2. Tomáš Ježek, b. 15. 3. 1940
  3. Václav Klaus, b. 19. 6. 1941

Jan Švejnar also moved for a while. For different views on the chaotic process of privatization, the cooperation broke off. (Article by Jan Švejnar Václav Klaus is not telling the truth.) Valtr Komárek, who later named the coupon privatization, was also removed the theft of the century.

tjeTomáš Ježek in an interview in Lidové noviny 14.8.2010: LN - Are you guilty of the imperfection of investment fund legislation of someone specific? Of course, that is unambiguous. These were the three people from the Federal Ministry of Finance: Václav Klaus and his deputies Dušan Tříska and Vladimír Rudlovčák. Our people chased away and they were terribly impassive that no one spoke to them. On the lower floors of the ministry, it was known that it was wrong. LN - Did not you say you need to push some more? This was happening in May 1992 and I ended in June after the elections in the ministry. I always relied on doing it well. All the time I trusted them. LN - You do not like the word tunnel, why? I'd rather say theft. The tunnel is already euphemism. It's a normal thief.

Dušan Tříska

Dušan Tříska

4.10.2001 replied Dušan Tříska, one of Václav Klaus's closest friends and a former StB agent, with the name Dušan (volume No. 7704), at Radio Free Europe, asking whether he was ashamed of his paternity of the voucher privatization project, saying: I report to him proudly, of course, and I think I can prove that I am proud and have something to do.Let's not talk about the facts, let's know what Mr Tříska is so proud of.

otDue to direct participation Aleš Třísky, brother of Dušan Třísky on the biggest financial embezzlement and theft, and with regard to Václav Klaus's close relationship with other fraudsters, it can be reasonably assumed that the coupon privatization project was purpose-built and set up to allow for the impunity of the national property. Coupon privatization took place in two waves in 1992 - 1994 years. The total value of the assets of corporations privatized by the voucher method was 679 billion crowns at the price level at the start of the first wave. Media massage and promotion was strong, unprecedented activity and responses from citizens, especially in the mirror of the fact that they mostly received worthless paper books for their money. Participation in the first wave was 77% of all eligible citizens and in the second wave 74% of citizens.

The first wave was attended by a total of 264 investment funds, to which citizens - holders of investment vouchers entrusted a total of 71,8% of all investment points invested for the first wave. This was from the point of view of the architects of coupon privatization, respectively. the people who control these funds are the most advantageous, as citizens have lost any control over their coupons. Control mechanisms over funds were not for the persistent resistance of Kaluse, Třísky et al. never actually legislated.

In the second wave, other predators also felt the opportunity to participate in 353 investment funds, to which citizens - holders of investment vouchers entrusted this time only 64% of all investment points invested for the second wave. In this way, the investment funds gained effective control over the privatized enterprises and their assets.

The property privatized by the coupon privatization was waiting for a double fate. In the first case, he was immediately embezzled and stolen. Here's the word steal as absolutely most appropriate, unlike any economic or legal term. The principle was simple and the recipe was the same everywhere. Disadvantageous trades, debt, systematic asset relief and liability creation, ie the famous Czech “tunneling”, all directed by a well-coordinated and experienced team of StB agents.

If we are to keep professional economic literature, in particular, Kotrba J., Kočenda, E., and Hanousek, J .: The Governance of Privatization Funds: Experiences of the Czech Republic, Poland, in order to avoid accusations of confabulation and construction and Slovenia. Edward Elgar, London, 1999, we will reach the figure of up to 21% of the privatization funds in the market. In fact, it was undoubtedly more.

In the latter case, the property was further managed and managed privatized enterprises were set up, or the exponents of the Communist regime returned. In these cases, businesses were not tunneling immediately but gradually or if necessary, that is, the need to create financial assets. Though retrospectively it seems incredible, the fact is that the entire coupon privatization was launched without any legal regulation of the privatization funds that goes beyond the general law.

The Securities Commission has prepared an inventory of investment funds and mutual funds that have been found to be property damage as a result of unlawful conduct. From investment funds and companies, according to the CPC calculations during 90. years until 30.6.2002 lost property for roughly 50 billion crowns. However, this is a very weak estimate, which includes only demonstrably stolen property proven by criminal activity. The actual amount is in the hundreds of billions.

 

An overview of some important examples of the so- tunneling.

Pavel Tykač (left) and Jan Dienstl

Motoinvest CEO Pavel Tykač (left)
and Motoinvest Financial Group Chief Jan Dienstl.

MOTOINVEST

Motoinvest was founded by 18. November 1991 with the totally opaque ownership structure of individuals who linked business activities coupled with coupon privatization. Among its main actors, at least known and publicly active, who apparently did not actually decide anything, could be included Pavel Tykač and Jan Dienstal, between gray eminence and brains, especially Aleš Třísku and especially Svatopluk Potáče. (The question arises as to how far Aleš Tříska was the only representative of his brother Dušan Třísk.)

Let's start first with these very interesting people.

tyPaul Small shareholders are paying Tykač,(the true slogan of his advertising campaign) was and is undoubtedly a very influential person in the Czech economy. His slogan, Tycat, actually did, and the people who entrusted his money, or, they worked in companies that had been tormented by his group, really wept. His name is related to dozens of companies. His political contacts were excellent, illustrating his participation in Vaclav Klaus's birthday and his invitation to the Capital Markets Commission (or how to make a goat by the gardener) or post-adviser to Finance Minister Ivo Svobody (XSSUM) in 1999, later convicted for fraud and favoring the creditor for five years in prison.

Jan Dienstl, the right hand and the closest associate of Pavel Tykač.

Aleš Tříska, a StB agent with a cover name Ales, the brother of an architect of the voucher privatization and StB agent Dušan Třísky, apparently in his attempt to keep control over the operations of a member of the board of Motoinvest as. It is highly probable that he was only the extended hand of his brother Dušan Třísk.

pleaseSvatopluk Potáč, former member of the Central Committee of the Czechoslovak Communist Party and chairman of the State Bank of Czechoslovakia in the years 1971 - 1981 and 1988 - 1989, Deputy Chairman of the Strougal Government and Chairman of the State Planning Commission, worked as a consultant at Motoinvest. His enormous contacts and knowledge of the communist and non-communist milieu create a reasonable presumption that he was one of the major brains Motoinvest. It is very difficult to cover the entire scope of the Motoinvest Group's activity.

In their operations, the actors tried to make the most of their opacity and sweep away traces. Let us therefore focus on the biggest frauds and misappropriations made by the group around Pavel Tykač. In its zenith, Motoinvest managed assets of about 80 billion crowns through equity in various companies.

KEY OPERATIONS OF THE FINANCIAL GROUP MOTOINVEST
CS FONDY

Tykačov's name also relates to the case of the CS Fund, in which 1,3 shareholders came billions of crowns. The money disappeared in 1997 just after Motoinvest had sold the funds and their shareholders did not inform it at all. There were rapid changes to the owners in an effort to wipe the traces. Overall, however, this was a relatively unprepared transaction that, without proper commercial law, was clearly fulfilling the crime, while it is spicant that the current head of the Treasury Department's Analytical Department, the former High Representative of the Communist Party and Finance Minister Ivan Pusher. The launch of 1,3 billion was realized via the controlled Plzeňská banka, which Motoinvest then properly re-credited and abandoned.

 

AGRICULTURE CONTROL AND IMPROVEMENT

agr
This case would deserve a few pages of text with its breadth, but we focus on the participation of Justin and Motoinvest. The bank originated in 1990 and was the fifth largest bank in the country. At the turn of the year 1995 and 1996, the Motoinvest Group and the controlled funds purchased a stake in IPB, including its stake in Agrobanka, which it has taken over. Motoinvest has never officially admitted it. The central bank has never recognized Motoinvest as a credible investor. In September, 1996 imposed a forced administration on Agrobanka. The Motoinvest Group lost its main financial source. Then he soon left the republic and returned after two days. The cost of the central bank to address the AGB crisis is estimated at 50 billion crowns. The state was secured by 50 by billions of crowns in the form of guarantees and redemption of bad assets. A healthy, indebted part of Agrobanka (ie the reorganization of the CNB at 19,7 billion + guarantee for bad loans up to 2008) in 1998 sold 2000 for only half a billion crowns to General Electric. The second part ended in liquidation. The sale of the healthy part of Agrobanka for ridiculous price was made by its forced administrator Jiří Klumpar, who later became a member of the board of directors of GE Capital Bank. In January, 25 was charged with committing a criminal offense in the handling of foreign assets with a cost of about 50 billion crowns. Total costs and remediation to solve the Agrobanka crisis are estimated at min. XNUMX billion crowns.

 

PLZEŇSKÁ BANKA

plz
In 1996, Motoinvest gained more than 90% share in the Pilsen Bank, apparently to cover its financial operations, which it can carry out in its own bank, a typical case of this operation being the CS Fonds case. Plzeňská banka was acquired by Motoinvest by the purchase of shares on the basis of commission contracts concluded between Motoinvest and later tanned by Agrobanka Praha. After performing operations to transfer assets, Motoinvest transferred shares back to Agrobanka Praha, at that time already in trouble and destined for liquidation, which gradually acquired the remaining stake in the bank. Since September 2000 has already been the sole shareholder of Agrobanka Bank in liquidation. The indebted one owned the overdue. How much money was made out of the bank was never published. From the available information, and given the regional character of the banking institute, it is possible to talk about ten to twenty billion crowns.

 

ČESKÁ SPOŘITELNA

čpo
In May, 1996 acquired Motoinvest, with the support of the already-controlled AGB shares of the savings bank, and tried to promote its representatives to the Supervisory Board. The scenario was likely to be similar to that of Agrobanka, with the difference that the damage to the bank and the profit for Motoinvest could be several times higher. To hit bank four and the pressure of Governor Tošovský failed, because the spheres of influence had already been divided and the right to pump Česká spořitelna at that time had a group around Livie Klaus and Jaroslav Klapal.

MOTOINVEST Group officially ended its activities after the fall of Agrobanka. It was a great bite for her, although she could still swallow (although Tykač himself was not sure of the consent of the powerful, and he'd disappeared from the republic for two days), then left instead of another. They made it easy, they had earned it, and they also felt that it was no longer a place for them. Sober estimates of the amount of assets stolen from Motoinvest are around 200 billion crowns, including operations in smaller businesses. Undoubtedly Motoinvest and the people around him belonged to one of the most efficient and profitable tunneling groups in the Czech Republic 90. flight.

The harsh experience of former MEP FRecha from 1997

HARVARD FUNDS

Harvard funds, unlike other funds, have several specifics. They were the marketing engine of the voucher privatization, which drove to the registration points under the impression of a vow gains ten times millions of people. They caused some of the biggest damage from the tunneling of national assets and are a symbol of fraud coupon privatization. At their head, the only one person, Viktor Kožený, stood at the head, but given the complexity of the operations carried out the Harvard group it is highly unlikely that Kozeny himself would indeed be the only driving brain. His top position was rather a clever marketing move, as the most trustworthy people are caught on the person of a blameless Western-style entrepreneur and with Western education. Much more probable seems to be the theory spoken, among others, by Karel Staňek, representative of the Harvard Fund Small Arms Protection Association, that Viktor Kožený was just the white horse of the StB and KGB agents. The staffing around Kožená explicitly confirms this.

vk

VIKTOR LEATHER, 1979 emigrated with his parents to Munich, and then left 1982 alone in XNUMX. Here he begins to study at Harvard University, where as Bohemia does not miss the attention of the then-active agent StB and KGB Karel Köcher, later colleague Vaclav Klaus and Milos Zeman from the Prognostic Institute, co-founder of the Civic Forum and one of the key gray eminences of the so-called Velvet Revolution; and also Juraje Širokého, a StB agent who is in charge of recruiting new recruits. It is a question of how far their contacts at the time resulted in a direct binding act for the KGB (StB), or whether contacts have been established at a less formal level. In 1989, Kozeny in Boston and New York has problems with the police (alleged abuse of stolen credit cards) and leaves for England, where he then travels to the then Czechoslovakia. He moved very close to important personalities such as Čermák, Klaus, Čalfa and others.

Karel Köcher, Juraj Široký and Boris Vostrý

Karel Köcher, Juraj Široký and Boris Vostrý

His closest associates belonged and still belonged Boris Vostrý, a former StB officer with the alleged rank of Colonel. His bundle, however, was shredded in time, just like the other bands of senior StB officers. From the available information, including from his CV, 1971 has been working in the Ministry of the Interior since 1981 since 1990 as Deputy Chief of Technical Administration of the Federal Ministry of the Interior, then Deputy Chief VI. SNB News. There is no doubt that this is a top communist security cadre. The question remains, how far did the Harvard operation direct, or he also managed Kožený, with whom he has been working in many companies since XNUMX. Harvard's founders, together with Viktor Kozena, were his grandfather František Stehlík, double agent StB by cover name France, No. of the 2242 volume. He was a member of the first Board of Directors of HARVARD CAPITAL and CONSULTING as and then replaced a number of functions within the entire structure of the Harvard Fund.

An undoubted role is undoubtedly played by the aforementioned Juraj Široký, a StB agent with a cover name Bellan, No. 196592, who worked directly on the StB's main intelligence service, which was in charge of operations abroad. He figured in six companies directly or indirectly linked to the Harvard funds. He is particularly active in Slovakia, where he appears in about twenty companies.

This most well-known Czech tunneling case is extremely complex because the perpetrators have founded dozens of different legal entities through which assets have been transferred and therefore a serious attempt to unravel this structure has taken hundreds of pages of text. Under the promise of the so- gains ten times, ie. guaranteeing investors that their book value will be over 10 times the value of their voucher books, the Harvard Group has been in possession of control over min- 60 billion crowns, at the estimated price of the year 1994. It must be stressed that this book value does not correspond to the market value, which means that the real fair value of the assets acquired by Harvard could be hundreds of billions. At its Zenith, that is, in 1994, the Harvard Group controlled about fifty of the most lucrative Czech companies. Václav Klaus then directed another of his immortal statements to Kozeny: “Only more such entrepreneurs!”. In the same year, a systematic tunnel begins for Cypriot companies, which further convert assets into the infamous Daventree Ltd.

After Kožený's flight to Ireland, as a result Affair Wallis, which was the result of the power disputes of the then powerful non-Tolburg cadres, the tunnel is also successfully under the direction of Boris Vostrého. In 1996, the nearly-dotted Harvard funds (or their parent company) are quickly transformed into Harvard Industrial Holding Inc., which then adds all its remaining assets to Daventree Ltd., to receive worthless shares. Harvard Industrial Holding Inc. goes into liquidation. Boris Vostrý is appointed as a liquidator and the traces begin to be erased. Of course, disposing of tens of billions of crowns can not escape the then Ministry of Finance, the BIS or the government. But nothing happens. Apparently for gaining time and raising hope for shareholders to get at least some money, the Harvard Industrial Holding and 1998 (almost 4 years after its actual robbery!) Is sold to one of Kožené firms. Leather pays two bills worth 10 billion crowns, which they never pay. Only in 1999, the court on the proposal of the shareholders issues a decision, where Boris Vostrý is dismissing from the position of the liquidator of the company Harvardský průmyslový holding as. Vostry recalls and obstruction temporarily retains the function. He will still convene a general meeting and appoint a new liquidator, Michal Pacovský, another person in the service of the Harvard group. Only then, after complex litigation and legal battles, the liquidator succeeded in appointing a person without a clear connection to the Kožený group. There is the ultimate helplessness and helplessness of all those who have put their money into the Harvard funds. It was not until 2003 that Kožený and Vostra were officially charged with fraud to have enough time to escape, Kožený to the Bahamas and Vostry to Central American Belize.

The tunnel closed. The total damage done by the Harvard group is undoubtedly worth more than one hundred billion crowns, and this figure can still be considered a very sober estimate.
ban

BANKS

In the first half of 90. years have arisen through 50 Banks, of which 18 has ended in bankruptcy or liquidation. Of the other five, only stock companies with no banking license remained.

Use of the term tunneling, for targeted and organized banking of banks with the intention of not returning, is not accurate, as it describes only one method used. The concept is more appropriate pumping, as the banks were literally pumped, many of them up to bankruptcy. The banks served as a pump of money where they could come and choose at any time pump up. The basic way pumping there was loss of credit and targeted tunneling by the management, both allowed by the weak legislation and the inactivity of the police, or by the bodies of executive power. In addition, the loss of credit was greatly supported by the then government it held in power at the time captains of industry.

In principle, the government has treated two banks in principle with the banks. She let them fall: Bohemia Bank, Plzeňská banka, Kreditní banka Plzeň,, or costing it in tens or hundreds of billions: IPB, Česká spořitelna, Komerční banka. State aid was in various forms - the purchase of classified loans, guarantees, increase in registered capital or, typically, the transfer of bad debts to the Consolidation Agency.
BETWEEN THE PERSONS PROVIDING THE STATE COVER OF THE BREAKDOWN OF BANK RISK,

incl
VACLAV KLAUS, Prime Minister to 1997. In his autobiography he writes: “In the 70s, I discussed most of the economics with Vlado Rudlovčák,… and in the XNUMXs with Dušan Tříska, the main father of our voucher privatization… the narrower circle around the seminar included K. Dyba, T. Ježek,… J. Stráský, V. Dlouhý, I. Coachman…. Richard Salzmann, Miloš Zeman and others also participated in the seminars. ” As you can see, all major events are being prepared for years.

Ivan Kocarnik, Jan Klak, Tomas Jezek, Roman Češka and Jiří Skalický

Ivan Kocarnik, Jan Klak, Tomas Jezek, Roman Češka and Jiří Skalický

Ivan Kočárník, in the 1980s 20. century as a high-ranking member of the KSČ director of the Department of the then Ministry of Finance, in the years 1992-1997 Deputy Prime Minister and Minister of Finance.

Jan Klak, Deputy Minister of Finance, as a statutory body, he directly participated in the pumping of Komerční banka.

Tomáš Ježek, chairman of the FNM Executive Committee, a member of the Communist Party since its 18 years.

Roman Češka, Deputy Minister for Administration of National Property and its Privatization, Chairman of the Executive Committee of FNM from mid-year 1994 - December 1998.

Jiří SkalickýPresident of the Presidium FNM and Minister of National Property Administration and its privatization June 1992 - June 1996.

JOSEF TOŠOVSKÝ - his career is a typical Bolshevik career. During the hardest normalization in 1973 he joined the Communist Party, the personal friend of Svatopluk Potac and other top communist cadres. The highest positions in the State Bank of Czechoslovakia (including the position of deputy chairman of the SBČS) were appointed in 1988 by the director of Živnostenská banka in London. In December, the 1989 consensus of the Communists and Havel was appointed chairman of the former SBČS, in office until the breakup of the federation, from January 1993 to 1997 by the governor of the CNB. At the turn of the year, 1997 / 1998 was briefly the Prime Minister of the Czech Republic, then again until 2000 again the Governor of the CNB. Tošovský is a key figure that, as a function of its function, covered the undisturbed pumping of banks.

Josef Tošovský

Josef Tošovský

The total amount to be paid by the bank's bankrupt and stolen bank is estimated at ONE BILLION CORUN !!! Here has begun the incredible slump of the Czech economy, rescued by the low salaries of employees and the payment of absurd overpayments for anything. There was a perverse dispersal of funds from privatization, deliberately overcharging and overtrading state orders. Therefore, funding is missing for thousands of important things (random pensions starting with - and for example road holes ending). The blatant robbery of taxpayers is still avoided by bankruptcy. However, the management of state and private companies increased their salary and increased to heavenly heights.

The gold price on world markets has been growing steadily for almost eleven years. If the Czech National Bank, led by Josef Tošovský, did not sell nearly 56 tons of yellow metal in the 1997 and 1998 years, but only in 2010, the Czech Republic could earn about 27 a billion crowns more in this transaction taking into account the development of the koruna against the dollar.
The rehabilitation of the banks and the legalization of their pumping was always strongly advocated by Václav Klaus, who, in the course of his government, has prevented any attempt to tighten the conditions for lending by state-owned banks. Typical pumping operations were credit from the bank, its default, the transfer of the loan to the state consolidation bank, and subsequently its sale as uncollectible receivables for a fraction of the principal amount of the loan. Thus, the borrower borrowed for example a billion, did not pay anything, and subsequently bought a receivable from Konsolidační banka for several tens of millions.

To date, the Czech Republic is still in progress stock robbery.

Let's look at the largest bulk banks:

AGROBANKA

Her case was mentioned above in connection with the MOTOINVEST group.

 

ČESKÁ SPOŘITELNA

cspr

Česká spořitelna has begun to be pumped since its inception in 1991. The first in-depth audit of the bank in 1995 reveals enormous holes in the economy - and Finance Minister Ivan Kocárnik is signing a short-term state guarantee for the savings bank at 4,1 billion crowns. At the same time, the loss loans are transferred to Konsolidační banka and the balance of the bank is thus, at least temporarily cleanse.

A quotation from a detective from the Office of Financial Crime and State Protection, who was told in a newspaper in 2003 that: “Investigating the need for Česká spořitelna's tunneling is all about shit. It touches the relatives of the highest political elite. So we regret anyone who gets it on the table. ”
Another crisis comes in 1998, when the savings bank as the holder of the largest volume of primary deposits in the country at about 300 billion crowns was on the edge of the abyss. After the government receives a warning message from KMPG over the loss of a bank beyond its assets, it is forced to act quickly and extinguish a threatening fire. The fall of the largest bank in the country would destabilize the country. Tens of billions of dollars are pumped into the savings bank, which is partly stabilized, and the fear that further downpayment would no longer be financially viable is sought after by a strategic partner. He is eventually found in Erste Bank, Austria, which receives a controlling stake.

Loss loans led the bank to a state of aid of about 60 billion crowns at the end of the 1990s (17.12 1998 report). Politically motivated loans to bankrupt companies completely devastated its portfolio and threatened to fail. Miloš Zeman said surprisingly in his speech to PSP CR on 8.3.2000 Česká spořitelna: a financial institution, shattered from the inside like old wood.

The management of Česká spořitelna has been prosecuted since September of 2002, among other things, the former CEO of Jaroslav Klapal and members of the Board of Directors Josef Kotrba, Rudolf Hanus and Kamil Ziegler. There are allegations of a violation of the obligations to manage foreign assets and misrepresentation of the state of the economy that they should have committed by providing 970 million in September 1997, the apparently failing Corfin leasing company. A few months later, this claim was classified as unenforceable and sold for one crown to a private company affiliated with the accused. Classic pumpařská transaction. Investigation of the case, however, will be dragged and apparently will never end, because in the case of its real investigation, the criminal penalty of Livia Klaus and Josef Kotrb is threatened.

 

IMPORTANT PERSONS:
lkLivia Klausová, wife of Václav Klaus. Member of the Bank's Supervisory Board, which approved all major operations in 1993-2000. Narrow connection of the bank with the ODS proves also engagement Evžen tošenovský, in the supervisory board of the bank during the most pumping period, ie in the years 1996 - 1999, or ODS deputies Martina Kocourka, as a member of the Bank's Supervisory Board in the years 1996-1998.

Josef Kotrba, a former member KSČ and ODA, the husband of Petra Buzková, Minister of the Government for the CSSD. Member of the Board of Directors in 1997 - 1999 years, that is, at the time of pumping the most.

Evžen Tošenovský, Martin Kocourek, Josef Kotrba and Kamil Ziegler

Evžen Tošenovský, Martin Kocourek, Josef Kotrba and Kamil Ziegler

Kamil Ziegler, before 1989 worked at the State Bank of Czechoslovakia, a member of the Communist Party. In 1999, after leaving Česká spořitelna, he became CEO of the state-owned Konsolidační banka, where the loss-making loans were exported. The goal was simple - to ensure that the loans are not recovered from the borrowers and that these receivables will be as unenforceable sold for a fraction of the original value, typically to entities related to borrowers. In 2004, on the question of who is his professional model, he answered truthfully and shrewdly: “It is Richard Salzmann. He taught me an enormous amount of things. He could inspire people, give them a vision. In addition, he was educated, intelligent, great rhetoric, he was very oriented in banking. He gave him refinement and prestige. Too bad he didn't leave two years earlier. ” About Richards Salzmann will speak below.

Ziegler really had something to learn from him, in his era, Komerční banka was stolen by many more billions more.

Vladimír Kotlář, member of the Board of Directors since 1991 - 1999 and Rudolf Hanus, Member of the Board of Directors 1994 - 1999. These two StB agents are deliberately put together because of their common cover name Mirek and their presence in the České Budějovice residential district indicate their close relationship. Hanus was from 1993 - 1999 one of CNTS executives, the NOVA service company. His name (along with former CEO of Klapalem) was under the 1996 contracts with Ronald Lauder, who lent a bill of billions to Česká spořitelna. These loans, of course, CME did not pay and allegedly repay them today.

Jaroslav Klapal, CEO and Chairman of the Board of Directors 1994 - 1999. The former tall Communist, deputy CEO, was probably not the one who actually decided how much he was going to and where. He was rather chosen to be the first to hit.

 

IPB: Investment and Post Bank
ipb

Interestingly, the emergence of 1990's investment bank was already planned under Communism, as evidenced by internal documents of the State Bank of Czechoslovakia in February 1989.
IPB was formed in the year of 1993 by merger of Investiční banka and Poštovní banka. IPB soon became among the three most powerful banks in the country.

Gradually, there was an increase in the share capital, inflating bubbles and thorough pumping in the form of loans and the disposal of assets to a subsidiary. A major destination of money pumped from IPB was the company Václav Junk, a StB agent and a member of the last pre-November CPC Central Committee, in particular the Chemapol Group and the companies in which it was a statutory body or a majority owner Antonín Charouz. Billions also ended in the Empire Lubomíra Soudka, agent StB, registration number 24939, cover name GORDON, controlling, among others, Škoda Plzeň.

Václav Junek, Antonín Charouz and Lubomir Soudek

Václav Junek, Antonín Charouz and Lubomir Soudek

Through ODB, ODS was also funded, the first 55 million loan in 1992 soon followed by countless parties, conferences, and Žofínů nor does it count. IPB also financed the publication of Václav Klaus's book Counting into one. The first threat to undisturbed pumping was 1995, when the SAO inspectors went to IPB to check why the bank did not pay taxes. The bank's debt was about 173 million crowns. They were thrown out of the bank without compromise, and Prime Minister Klaus personally and accompanied by the then Deputy Prime Minister Caldas visited the SAO so that his leadership would be properly they have corrupted and brought to the appropriate limits. This tax debt later the IPB Treasury, led by Kočárník, forgave.

A minor issue also occurred in 1997, when Coopers & Lybrand's audit firm declined to issue a positive audit report with reference to the bank's opaque accounting and instability. Pumping has therefore covered Ernst & Young's audit firm for some time, which has issued bank statements without reservations, often in record time.

In the spring of 1997, IPB's leadership refused to give credit to obviously bankrupt companies, apparently in view of the upcoming political changes (the fall of Klaus's government in 1997) and impending responsibility. 30.4.1997 are Carpenter with Walk arrested and detained. They seem to get reason soon, they are released and remain in office.

In 1998, NMU's strategic partner appears in IPB, apparently on order, to mask the fact that the bank is on the verge of falling. Nomura soon transfers its stake to Saluka Investments with a slogan the more opaque, the better.

The end, however, was approaching. The 100-year-old manknot was no longer able to cover and it was necessary to send the bank into a forced administration. This happened in June 2000 and for media effect we intercede hard and no one escapes punishment occupied the IPB headquarters on the URNA armed intervention unit. The bank bought the bank within two days and secured all the losses.

Even before the forced administration, the bank's management managed to liquidate all liquid assets into so-called off-shore funds in the Cayman Islands (with the common portfolio being the Triton funds), to which neither a trustee nor a Czech state will not get. These were a number of funds that exploit the legal impropriety of the Cayman Islands legal environment. The total amount of assets transferred to Kajmany can be deduced from the decision of the Government of the Czech Republic, which 21.7.2003 has decided that the Consolidation Agency will pay ČSOB within state guarantees total 49,3 billions of Czech crowns as compensation for assets stolen from the Triton funds.

According to state estimates, the IPB crisis and related state guarantees should come from taxpayers up to 160 billion crowns.

PERSONAL BACKGROUND IPB:

tuMiroslav Tuček, agent StB, ev. 1864001, cover name KRÁL - národohospodář. Communist economist and long-time vice-rector of the University of Economics in Prague for Bolshevism. In 70. even the economic advisor to the president. Before the year, 1989 docked in the Prognostic Institute, hatred the cadres who were preparing the handover of power. In the years 1992 - 2000, ie until the fall of the bank, he served as a member of the Bank's Supervisory Board. He had a major influence on everyone pumping operations. One of the tears of the IPB.

Jiří Weigl, the extended hand of Klaus in the bank, who oversaw the pump in the right direction and only with the consent of the powerful. Member of the Supervisory Board of 1993 - 1998. He currently serves as Head of the Office of the President of the Republic.

Libuše Benešová, Deputy Chairwoman of the ODS and Chairwoman of the Senate held 1996 - 1998 as a member of the Supervisory Board. Its task was to defend the interests of the ODS in the bank, especially the lending of ODS-related companies.

Libor Procházka, he was prosecuted several times, even three weeks even in custody, but prosecution was always suspended. In the bank's board of directors he worked in 1992 - 2000.

Aladár Blaas, right hand Libor Procházka and Deputy at IPB. Criminal prosecution, at the intervention of the Interior Minister, the charges were withdrawn.

Jan Klacek, Deputy Prime Minister of the ČSSD shadow government 1996 - 1998, also a member of the IPB Board of Directors during the same period. From 1998 until the fall of the bank, the CEO of IPB.

Jiří Tesař, author of CSSD economic program, CEO, chairman of IPB 1992 - 1998 and member of 1997 - 2000.

Jiří Weigl, Libuše Benešová, Libor Prochazka, Aladar Blaas, Jan Klacek and Jiří Tesař

Jiří Weigl, Libuše Benešová, Libor Prochazka, Aladar Blaas, Jan Klacek and Jiří Tesař

IPB has not been classically pumped, like other banks, but literally overpopulated, which caused a slightly different scenario than normal sanitation and state aid. It had to be transferred to another bank, along with absolute government guarantees, which meant that state spending would be even higher.

The amount of stolen money may be around 300 - 400 billion crowns, the Consolidation Agency has bought the worst classified debts for 170 billion, state guarantees to ČSOB are unlimited (state estimates are still around 100 billion) so the final bill may be even higher.
COMMERCIAL BANK

Komerční banka was formed by the separation from the former state SBČS and in 1992 it was transformed into a joint stock company. At the same time he appears here the key person of the bank robbery, Richard Salzmann.

Where did the money from Komerční banka disappear most?

Among the largest companies that have been funded by Komerční banka, companies (the ČS / Satrapa group) are around the StB agent, volume No. 25447, František Chvalovský. The total amount is around three billion.

More than one billion pounds out of the bank Petr Smetka, through its H-SYSTEM company.

Alon Barac in the Czech media, mostly inaccurately referred to as Barak Alon, has also occasionally featured under this name.

One of the largest robberies of the bank was carried out through an Israeli citizen's company Alon Barac, nar. 11.8.1960 and its holding BCL Trading.

The bankruptcy of the bank launched in 1996 in the form of documentary letters of credit was not the first transaction in Komerční banka. At the beginning of 90.let he prepared it through his company Tessos Praha for about two billion crowns. During the years 1996 - 1999, Komerční banka Barac provided loans worth more than eight billion crowns. In spite of a criminal complaint from 1999, Barac was never prosecuted in Bohemia, and the Public Prosecutor's Office in Prague did not dare to issue an arrest warrant. Similar frauds in Bohemia had Barac in conscience in Hungary, where he pumped the state bank Postabank. The Hungarian authorities Baraca even for a short time detained, then released. He only faced the case in Vienna in Austria, but even the justice escaped because of the sudden illness of the judge.

On 20.7.2001 July XNUMX, Miloš Zeman, the then Prime Minister of the Czech Republic, published an article in which he stated: “I think that the privatization of Komerční banka ends the tunneling of large banks in the Czech Republic”.
16. February 2000 approved Zeman's government to help Komerční banka moving on the brink of collapse. As part of the remediation, the state took over its bad loans amounting to about 65 billion, which were later transferred to the Consolidation Agency according to the implemented scenario. The Commercial Bank was then taken over by the French Societé Generale.

shawlPERSONAL BACKGROUND:
In the first place, it can not be mentioned Richard Salzmann, CEO of the Bank since 1992 - 1998. Until 2000, he was a senator for the ODS. Personal friend Václav Klaus, Ivan Kočárka, Tomáš Ježek, Dušan Třísky etc. It is ironic that the whole 90. Salzmann has been presented as a banker model for years, and even part of the GEN cycle (Elity National Gallery) has been filmed. He personally approved the largest pumping operations.

Jan Klak, member of the Supervisory Board of 1995 - 1997.

Karel Dyba, member of the 1997 - 1998 Supervisory Board, ie at the time of the largest pumping to Alon's BCL Trading. Former Minister of Economy for the ODS. A member of the Czechoslovak Communist Party from 22 years, behind the Communist career in the CSAV, embedded in the Prognostic Institute.

Josef Kotrba, member of the Supervisory Board 1995 - 1997, more about it. the amount of the Česká spořitelna case

Jan Stráský, in the 1998-1999 Supervisory Board, his job was to cover the previous big robbery of the bank, the former head of the federal government in 1992, the later Minister of Health and Transport (ODS). Former high official of the Communist Party, he joined it in his 18 years.
BANKA BOHEMIA

Bank of Bohemia is a typical example of how the Nomenclature cadres of the Bolshevik regime founded a bank that they robbed and repaid their debts. It was founded in 1991, and three years later, in 1994, the forced administration was imposed on it and ended in liquidation. The loss of a bank of 17 billion crowns has been paid by the state. The bank was pumped quite primitively and without any cover operations, billions flowed directly to the accounts of Adamc's and Chad's companies and ended abroad. The management of the bank was apparently so sure of its connections to the government and the law enforcement authorities that the covert operations in the stealing appeared to be superfluous. After imposing forced administration and bankruptcy, the former communist finance minister, George Nicodemus, became its administrator. He oversaw the loss of the bank and lost important documents, among other things, a number of loan contracts. The remaining assets of the bank, in the order of hundreds of millions of crowns, were then sold by Nicodem to companies affiliated with Adamce.

MAIN POSSIBILITIES OF BOHEMIA BANK CLEARING:

Jiří Čadek, Lieutenant Colonel StB in intelligence, and then in the Department of Protection of Party and Government Officials. Due to the bankruptcy of the bank in his companies he was formally prosecuted. The police, however, gave him enough time to leave for Florida after the prosecution began. The criminologist, who had access to his police file, said of his undisturbed departure abroad: "Investigators have not even reported blocking his name, which is commonly done.". During his stay in Florida, the Parliament abolished the paragraph of the Criminal Code, under which he was prosecuted, so he could safely return from a pleasant Florida vacation. Today Čadek continues to own and own several companies. About bankruptcy bank said for 7.7.2004 print with proverbial Bolshevik ingenuity: “I did nothing illegal. Authorities against the Bank of Bohemia acted incorrectly and thus caused its fall. ”.

Ladislav Adamec, son of the last Bolshevik Prime Minister Ladislav Adamce. Former member of the Bohemia Bank's Supervisory Board, today, he is busy doing business and owns dozens of companies. One of the unknown Czech billionaires.

 

This Czech “elite” is fully satisfied by the broad apolitical public, who wants nothing to do with politics and politicians. Therefore, the "elite" can punish those who have the courage to oppose these practices. There are still not enough people like Libor Michálek or General Miroslav Krejčík.

This “Report” has been circulating on the Internet since about 2005 in various graphic and stylistic modifications. Its fate resembles the secretly distributed Charter 77 Declaration before 1989, so we return to the era of the "Petlice Edition". Your signature under this "Report" is not necessary, but as much awareness as possible is becoming increasingly necessary for citizens. Ignorance or indifference has historically never paid off for us. Let's use free internet, facebook, etc.

Slightly typographically and visually modified. Complete and according to author's words regularly updated version: Atanova Zasuvka.

Similar articles