A court in Prague has acquitted billionaire former Czech prime minister Andrej Babis in a European Union subsidy fraud case, only four days before he runs in a presidential election.
Mr Babis was charged for helping take his Stork Nest farm south of Prague out of his giant Agrofert food, chemicals and media holding to make it eligible for a €1.87 million EU subsidy for small companies.
"The deed described in the indictment is not a crime," Judge Jan Sott said after delivering the verdict.
Mr Babis, who served as prime minister from 2017 to 2021, has always denied any wrongdoing, calling the trial "a political process" ahead of the presidential election starting on Friday.
Alongside former high-ranking NATO general Petr Pavel and economist Danuse Nerudova, Mr Babis is one of three odds-on favourites to reach a second-round run-off scheduled for the end of January.
"NOT GUILTY! I'm very glad that we have an independent judiciary and that the court confirmed what I had been saying from the start," Mr Babis said in a tweet.
The Slovak-born populist, who is the fifth wealthiest Czech according to Forbes magazine, was charged alongside his former aide Jana Nagyova, who was also acquitted.
Neither of the two appeared in court this morning.
Mr Babis is chairman of the opposition ANO, a centrist populist movement which narrowly lost a general election in 2021 to a three-party centre-right coalition led by the current premier, Petr Fiala.
ANO still tops opinion polls, scoring around 30% support.
Mr Babis, who is also facing accusations that he served as a Communist secret police agent in the 1980s, currently sits as a MP.
He was charged by police in 2017 and indicted in March 2022 after parliament had stripped him of his immunity.
