Former Czech Prime Minister Andrej Babis was acquitted in a fraud case looking into his use of European Union funds, providing a potential boost to his campaign in this month’s presidential election.
A Prague court on Monday freed billionaire Babis of charges that a company belonging to his business empire illegally used 50 million koruna ($2.2 million) in EU subsidies about 15 years ago. The chemicals, agriculture and media tycoon had consistently denied wrongdoing.
