Feb 24 • 12:05 UTC 🇨🇿 Czechia Aktuálně.cz

The Agricultural Fund Has Stopped Paying Support to Agrofert, Trust Transfer Is Under Review

The Czech State Agricultural Intervention Fund has ceased payments to Agrofert and is reviewing the legality of a trust structure set up by Prime Minister Andrej Babiš.

The State Agricultural Intervention Fund (SZIF) in Czechia announced that it would halt payments to Agrofert, a holding company owned by Prime Minister Andrej Babiš, while it assesses the legal validity of a recent transfer of all of Agrofert's shares into a private trust named RSVP Trust. This decision is aimed at ensuring compliance with national and European legislative requirements, emphasizing the fund's commitment to safeguarding public funds and ensuring that public finances are allocated only where all legal criteria are met. The time frame for the completion of this legal analysis has not been firmly established, and the SZIF has requested external legal counsel to assist in the review.

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