PAVEL MERTLIKScandal: After Nomura, the Japanese financial services group, embezzled 180 billion Czech crowns from Investicni a Postovni Banka (IPB), Czech Minister of Finance Mertlik sold IPB’s carcass, including its network of branch offices, to Ceskoslovenska Obchodni Banka (CSOB), the largest bank in the Czech Republic, for 1 Czech crown.Current Position: Head Economist, Raiffeisenbank (Austria)MADELEINE ALBRIGHTBackground:Born Marie Jana Korbelova in Prague, CzechoslovakiaFormer U.S. Secretary of StateScandal: Oh, I have more to write about Ms. Albright, but not now....VLADIMIR DLOUHYScandal: Czech Minister of Industry and Business Dlouhy was responsible for approving the privatization plans of all Czech enterprises following the demise of Communism. As I have previously written, Dlouhy “greased the wheel” so the international Mafia could pillage the Czech Republic.Two examples:1. Rather than allow Czech citizens to purchase shares in Vitana, one of the best food processing companies in the Czech Republic, Dlouhy sold Vitana directly to the Norwegian company Rieber and Son.2. Dlouhy approved the privatization plan for Pilana, the internationally renowned Czech company that produces woodworking and metalworking tools. In the plan, all of Pilana’s production assets were transferred to five private companies named “Pilana XXXX”, where XXXX represented a particular product category.To cover his dirty deeds, Dlouhy still allowed Czech citizens to purchase shares of Pilana Hulin a.s., but this particular company only included such unimportant assets as overnight accommodation services and motor vehicle maintenance.Current Position: Dlouhy is now International Advisor to the Board of Directors for Goldman Sachs, the global investment banking and securities firm.
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