Prague 2 is valuing its weapons in investment. The opposition has reservations about this
The opposition opposed the city’s investments last autumn. At that time, we must point out that Prague 2 has entrusted 300 million to Carduus Asset Management for long-term appreciation. There were words that the town hall was gambling with public money.
Executive in executions
They were annoyed that the company was run by a person with foreclosures and that their own company did not seem very credible to them. “We perceive the riskiness of 300 million investments in Carduss’s financial portfolio mainly in the fact that firma has reported a loss of 47 million crowns in the last two years and its managing director, financier Pavel Bodlák, had executions carried out on himself and his companies last year, “ Jaroslav Němec, a pirate representative, pointed out in November.
The opposition also had reservations about the fact that the town hall decided to entrust money to someone who himself has financial problems. They also criticized Deputy Mayor Jan Korseska from the ODS, who originally came up with the proposal and did not want to tell them who helped him choose the companies where the money went.
They made 70 million
However, he is convinced that the city district manages with the care of a proper manager and City Hall reported this week on how investments must be valued. According to Korseska, it turned out that the recommended administration, the city district, earned units in the investment portfolio last year, on term deposits and savings accounts. a total of almost 70 million crowns. “We finance revenues from, for example, crèches, kindergartens, schools, sidewalks, parks and the like. At the same time, we did not even touch our own money from the sale of real estate, we did not spend a crown on it, because we are currently drawing a refund of income taxes, “the deputy mayor added.
The city district as well assured the public that all investments in banking houses or investment companies are reliable and so-called conservative. As far as Carduss is concerned, according to Prague 2, the cooperation went smoothly. In the end, however, she decided to end her contracts with the town hall in January. “According to the investment company’s statement, the reason is a discrediting campaign in the media, which was led against it due to the investment of Prague 2, “states the city district.
The opposition is not satisfied
According to the town hall, the security was also confirmed by an audit by Four Dimensions. The Pirates also have some reservations about this. “The decision to sell the apartments was a political decision. However, the questions are why Prague 2 invests part of the funds from the sale of these apartments back into reality, but not in real estate in Prague 2, but in real estate funds investing throughout the Czech Republic and abroad, which brings with it considerable transaction costs, “he commented. report on investment returns Jaroslav Němec. The pirates, together with other opposition councils, also need to convene an extraordinary council, where the investments of Prague 2 should be addressed. She should provide the necessary signatures to convene him next week.