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Czech Billionaire Fights Fraud Trial Alongside Presidential Contest

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Czech Billionaire Fights Fraud Trial Alongside Presidential Contest
Andrej Babis – Image source

This post appears in Yahoo Finance: Here is an excerpt:

Czech billionaire and former Prime Minister Andrej Babis returned to court to fight fraud accusations over a 2 million euro subsidy on Wednesday, days before a presidential election in which he is a favourite begins.

Babis has been a dominant force in Czech politics for the past decade, first as a powerful finance minister and later as prime minister, before opposition parties combined to unseat him in an 2021 election despite his ANO party winning the most seats in parliament.

With his party in opposition now, Babis, 68, is seeking to win the presidency and replace his frequent ally, Milos Zeman, whose second term ends in March.

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