Fire Spinner at Delaware Park

Marek Čmejla and Jiří Diviš are suing Radovan Vítek for €535 million, alleging they invested about €400 million as silent 50-50 partners in CPI assets before being cut out. The claim also recounts prior regulator findings and disputes involving ORCO and CPI.

After seven days of deliberations, the Lindsay Clancy jury remained split 11-1, producing a mistrial. The article argues that the holdout juror’s vote was not a flaw but the point of requiring unanimity.

The article challenges Forbes’ self-made label for Czech billionaire Radovan Vítek, citing former partners’ claims, a Cyprus asset-freeze order, CPI Property Group’s debt pressures and court records.

The article argues CPI Property Group’s €1.7B fundraising was a refinancing by existing bondholders, not new money. It also highlights €149M spent buying shares from undisclosed shareholders amid pressure on debt and asset cover.