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Czech authorities have charged suspects in a significant EU fraud case involving the Penam baking company, part of the Agrofert conglomerate linked to former Prime Minister Andrej Babiš. The company received €3.9 million in subsidies for a toast production line deemed ineligible after a European Commission audit revealed it was not innovative. Following this, the Czech industry ministry announced plans to withdraw the subsidy and has seized real estate to recover losses to the national budget.
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czech authorities charge suspects in eu fraud linked to baking subsidies
19:18 25.10.2024
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