Police wish to cost Czech prime minister Andrej Babiš with fraud

The Farma Čapí hnízdo firm, which built the conference center south of Prague, originally belonged to Babiš’s Agrofert holding. In December 2007, it transformed itself into a joint-stock company with bearer shares, which were owned by Babiš’s children and partner. Afterward, it gained a European subsidy worth CZK 50 million crowns for small and medium-sized firms, which it would never have been eligible for as part of Agrofert. A few years later, Farma Čapí hnízdo rejoined Agrofert.

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