In case you missed it this week, e-commerce company Stitch Fix filed for an IPO, the Czech candidate for PM is slated to win despite fraud charges, and Japan’s corporate compliance takes another hit.
Crime shouldn’t pay | Czech citizens are voting for a new PM, and their leading man looks strikingly familiar. Andrej Babis, a media-savvy billionaire promising to run the country like a business, is the populist candidate slated to sweep the election on Monday—despite charges of subsidy fraud. Babis allegedly transferred ownership of some property to a buddy to make sure it was eligible for subsidies that garnered about €2m ($2.29m). After the money came in, he took back ownership and pocketed the cash. Babis said, “Not true,” and that he wasn’t scared of the parliament’s’ attempt to take sully his name. Neither are the citizens of the Czech Republic, apparently.
