17. 10. 2007

Attitude of CEZ towards the case of Alan Svoboda

Alan Svoboda has announced that the public prosecutor informed him about bringing his case of alleged law breach during purchase of securities of the company to court. At the same time Svoboda announced his resignation from the membership in the Executive Board representing the broad management of entire CEZ Group.

Further, Alan Svoboda informed that he would ask the competent court to hear the case in an interlocutory proceeding. In the interlocutory proceeding, the court may abate the case or return it for a re-examination. For instance, that was the way the prosecution against the former Chairman of the Board of Directors and CEO of CEZ Jaroslav Mil and three other managers for alleged evasion of the Public Tender Act during the construction of the company´s new residency was abated in 2005.

„We are surprised that the public prosecutor´s office has referred the case to the court although no new facts have occurred. The analyses we keep at disposal confirm that Alan Svoboda did not commit any crime. The same is confirmed by a newly issued authorized expert opinion that we have recently received,“ said Ladislav Kriz, Press Officer of CEZ, and he added that „the Board of Directors will comment on the case after an announcement about the result of the interlocutory proceeding.“