Czech property tycoon braces for hit from €500mn freezing order

Czech real estate tycoon ringfences €537mn of assets after Cypriot court ruling

Czech real estate billionaire Radovan Vítek will ringfence more than a half a billion euros in assets after a Cypriot court ruling in ...

Czech property tycoon braces for hit from €500mn freezing order

Real estate developer CPIPG, run by Radovan Vítek, preparing to segregate assets after Cypriot court order

The company CPI Property Group (CPIPG) of real estate magnate Radovan Vítek is preparing for the consequences of a complex legal dispute involving frozen assets worth 537 million euros (13.6 billion crowns). The dispute concerns Vítek and two people convicted of money laundering, who claim that Vítek privately...

Czech property tycoon braces for hit from €500mn freezing order – Sky News: The Latest News from the World

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of Europe’s largest property groups is bracing for the impact of a complex legal dispute between its billionaire owner and two convicted money launderers who say they privately bankrolled him.  Senior executives at CPIPG, […]