Rebuttal of misinformation from Transparency International

19. 6. 2018

Transparency International announced today on its website that (quote) "Andrej Babiš, Prime Minister of the Czech Republic, is the controlling entity of Agrofert a.s."
Transparency International thus presented incorrect and false information.  It is a purposeful confusion of two legal terms. Mr. Andrej Babiš is listed in the Slovak Register for Public Sector Partners as the "beneficial owner" with respect to the Slovak companies of the Agrofert Group. This term cannot be confused with the term “controlling entity”. Mr. Babiš is not the controlling entity of the Slovak companies of the Agrofert Group. The rules for entering data into the Register are set by Act No. 315 of 2016. One of the mandatory entries is the "beneficial owner". Mr. Babiš is the beneficial owner because he is the founder of Trust Funds which include Agrofert shares and at the same time he is the beneficiary of these funds. Therefore, in Slovakia as well as in the Czech Republic everything is in compliance with the law. Andrej Babiš is not the controlling entity neither here nor there.