# Mostecká uhelná privatization fraud appeal > Live situation record from CLSTR: https://clstr.news/situations/mosteck-uheln-privatization-fraud-appeal > Updated: 2026-09-06T21:00:00.000Z. Sources: 4. Developments: 2. Legal proceedings regarding the 1990s privatization of the mining company Mostecká uhelná have moved to the Prague High Court for appeal. The case centers on allegations that former managers, most notably Antonio Koláček, engaged in fraudulent activities and the siphoning of state funds to acquire company shares. Koláček, who faces a 7.5-year prison sentence, maintains his innocence. His defense has challenged the evidence linking him to offshore entities in the Isle of Man, noting a lack of verifiable documentation such as bank records or authenticated signatures. Furthermore, the defense has raised concerns regarding the integrity of digital evidence, with experts claiming that metadata on a DVD provided by Swiss prosecutors may have been altered using Photoshop. The prosecution contends that Koláček used offshore structures to secretly control the company using its own funds. The legal dispute also involves the application of the ‘Act on Large Privatization’, a specialized legal framework that governed the era’s property transfers and liability. ## Timeline ### 2026-09-06: Mostecká uhelná privatization case heads to High Court appeal The Prague High Court will review appeals in the Mostecká uhelná privatization case, where former managers face charges of fraud and tunneling related to the 1990s takeover of the mining company. 2 sources. https://clstr.news/cluster/mosteck-uheln-privatization-case-heads-to-high-court-appeal ### 2026-08-27: Antonio Koláček appeals Mostecká uhelná fraud conviction Antonio Koláček is appealing his fraud conviction regarding the 1998 privatization of Mostecká uhelná, with his defense challenging the existence of offshore ownership links on the Isle of Man. 2 sources. https://clstr.news/cluster/antonio-kolek-appeals-mosteck-uheln-fraud-conviction --- Cite as: Mostecká uhelná privatization fraud appeal. CLSTR, https://clstr.news/situations/mosteck-uheln-privatization-fraud-appeal