Another Million-Euro Company from Tax Debtor Chain Enters Bankruptcy

A million-euro company linked to businessmen Martin Vasilenko and Miloš Kazimír has entered bankruptcy proceedings, marking the latest collapse in a chain of firms with significant tax debts. The business duo previously controlled the Korida transport group, which despite generating millions in revenue also recorded million-euro losses before being merged into a waste management company controlled by front persons. That waste company subsequently accumulated tax debts exceeding 5.3 million euros before its demise. The pair had been flagged by the Stop Corruption Foundation, an anti-corruption watchdog, as early as 2019 for their business practices. The businessmen have now re-emerged publicly as controllers of an Ostrava-based company, continuing their pattern of corporate activities across multiple jurisdictions.