Michalik announced on Thursday morning that his business activities in Cyprus were legal, but he did not want the situation to cause problems for the incoming government, which was caused to the previous cabinet by the business of Prime Minister Andrej Babiš (YES).
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Diary N on Monday, the former company of vice-chairman STAN Michalika has in the past borrowed at least 4.6 million euros through the Cypriot company Lowfield Investments (approximately 117 million CZK according to the current exchange rate).
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Neither Michalik nor his wife Hana wanted to tell the server who was behind the tax haven company or what the origin of the money was. Anonymous Cypriot companies make it possible to hide the end owners. Michalik later stated that the owner of the company was his wife.
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Over the last two days, there has been a media whirlwind over my family’s business. Therefore, on Thursday, I will explain all the circumstances of the family’s business and the fact that there is nothing doubtful about it. I say in advance that my wife is the owner of the Cypriot company in question.
– Věslav Michalik (@VeslavM) November 23, 2021
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According to Vice-Chairwoman Věra Kovářová, the STAN management has examined Michalik’s business history. “According to my information, in 2007 and 2008 he invested in two solar power plants, built before the ‘gold mining’ era of this business began,” said Kovářová.
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According to the Austrian, Michalik was ready to resolve the situation by selling if it should represent a conflict of interest. In the end, he decided he would rather give up his post in the government.
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