Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1999
Multibillion-crown bankruptcy
The cooperative entered bankruptcy with creditor claims of approximately 5.768 billion Czech korunas, including approximately 5.6 billion claimed by the Zlín financial office.
1990
Allegations concerning post-revolutionary asset restructuring
Local Civic Forum representatives raised allegations of possible criminal conduct, including asset tunneling through newly created joint-stock companies and possible tax or accounting manipulation. The allegations were investigated but did not result in a proven criminal prosecution.
1990
Unresolved disappearance of records
Reports stated that documents concerning the cooperative’s management may have been destroyed and that a safe at the Moragro joint-stock company was robbed of money and records. The incident was not resolved by the investigation described in the reference material.