Final Word from Tuesday, April 3, 2012

Nearly everyone who was paying attention was sure that Martin Roman was a ben- eficial owner of Škoda Holding and was doing business on its behalf while he was CEO of ČEZ, but neither ČEZ's internal auditors nor the anti-corruption police found any evidence of it. Taxpayers and ČEZ's minority shareholders thought they were being cheated because of the billions of crowns in unreported related-party transac- tions, but they too were wrong. As it turns out, it was all one big misunderstanding. All those seemingly damning documents uncovered by MFD had apparently been forged. Now that Roman has been cleared, he should be rehabilitated and confirmed for another term as sup. board chairman of ČEZ. On one condition: That the police and the ČEZ audit team prove to the public who the beneficial owners of Škoda (and CEEI) actually were. If they know it wasn't Roman, surely they know who it was.[Czech Republic Temelín spent nuclear fuel repository MF Dnes]

Glossary of difficult words

reloaded - (of a gun) charged and ready to be fired again;

Roman reloaded - the name of the new Nicki Minaj album, to be released today;

to forge (a document) - to produce a copy or imitation for the purpose of deception;

CEEI - the company that won the contract for a repository for spent nuclear fuel.


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FS Final Word