Businessman Rittig arrested on charges of money laundering

13-02-2014

The police on Thursday arrested controversial Prague businessman Ivo Rittig and three other people, including his attorney. They have been charged with money laundering, Prague High Attorney Lenka Bradáčová said. The case is related to the alleged siphoning of funds from Prague’s city public transport company, the news website idnes.cz wrote. The firm is reported to have bought tickets from anonymously owned companies whose beneficiary is Mr Rittig. He allegedly received a cut from each ticket sold. The controversial businessman also figured in a police operation that led to the fall of the government last June.