ČEZ Settlement: Diag Human Launches Execution Steps – 17 Billion Scandal
The Czech Ministry of Health has confirmed that Diag Human is taking legal action in Luxembourg related to the enforcement of a 2008 arbitration ruling. “The Ministry of Health currently has data that diag Human is taking legal steps in Luxembourg regarding the enforcement of an arbitration award issued in 2008,” said ministry spokesperson naďa Chattová on Friday. She added that the ministry cannot provide further details due to the ongoing proceedings.
The energy company ČEZ also confirmed that its Luxembourg-based holdings received notification related to the enforcement of the Diag Human arbitration ruling. “We acknowledge that ČEZ’s Luxembourg-based equity stakes have received a notice related to the enforcement of the arbitration award in the Diag Human case,” stated ČEZ spokesperson Ladislav Kříž. He clarified that this concerns the 55 percent of shares ČEZ acquired two years ago to gain a stake in the Czech gas infrastructure operator GasNet. ”Though, no accounts have been seized, and the operation of GasNet is not affected in any way,” Kříž emphasized.
Former Prime Minister Andrej Babiš stated that his previous government also addressed the case, with the Minister of Health regularly reporting on efforts to protect Czech assets. He suggested that his successor, former Minister of Finance Zbyněk Stanjura, may not have taken similar action.
