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Audit Criticizes Czech Ministries’ Handling of Convicted Dealer’s €40M Bitcoin Gift

Grant Thornton’s report finds due diligence was skipped on a €40 million crypto gift from a convicted dealer.

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Overview

  • Grant Thornton’s July 31 audit says Justice Ministry officials ignored clear red flags and skipped follow-up checks before accepting the donation.
  • The Justice Ministry sold the donated bitcoin for 956.8 million CZK (about $45 million) without questioning its illicit origins.
  • The Finance Ministry faces criticism for accepting the sale proceeds with no formal review.
  • Former Justice Minister Pavel Blažek disputes the audit’s conclusions, insisting he fulfilled all legal obligations and that no new issues emerged.
  • Justice Minister Eva Decroix has pledged a full inquiry; the police and the National Headquarters for Combating Organized Crime are probing potential money laundering.