The Czech Police Department, specializing in organized crime, will be tasked with investigating allegations of the behavior of Czech Prime Minister Andrej Babis as part of the journalistic investigation into assets in tax havens known as Pandora Papers and by 300 other Czech in citizens mentioned to them.
The Pandora Papers claim that Babis, a political billionaire, failed to declare a company that owns two $ 12 million mansions on French soil.
“In 2009 I was a private person, a private entrepreneur, and now someone says I laundered money. That is an absolute scandal,” argued Babis in statements on Czech television on Monday.
In addition, he reiterated that the aim is to win his party, the Alliance of the Dissatisfied (ANO, “Yes” in Czech) in the parliamentary elections on March 8th.
However, he has admitted that the transaction went through but was not illegal as the money came from his personal after-tax assets.
Babis has built his fortune in the chemical, agricultural and media industries and has an annual income of around 7 billion euros. He came to power in 2017 and was investigated for conflict of interest and fraud in subsidies he received a decade ago.