PRAGUE Dec 19 Czech President Milos Zeman
blocked a bill limiting politicians' business interests, his
office said on Monday, returning to parliament a law that would
clip the wings of billionaire Finance Minister Andrej Babis if
it came into effect.
Lawmakers are likely to try to overrule the president and
need 101 votes in the 200-seat lower house to do so. The bill
received 125 votes when approved last month.
Babis, whose ANO party is seen as the frontrunner to win
parliamentary elections due by October 2017, has pledged to
fight the law, which has been pushed by opponents including from
within the three-party centre-left ruling coalition.
The 'conflict of interest' law prevents ministers from
accumulating media, business and political power. It would
prohibit cabinet members from owning media firms and disallow
companies of which ministers own more than 25 percent from
accessing public contracts, subsidies and investment aid.
Babis is the second-richest Czech and the country's largest
private employer. His Agrofert group and other assets include
over 250 companies from chemicals and food producers to media,
forestry firms and fertility clinics, with over 30,000 workers.
Zeman had at first said he would not stand in the way of the
new law but, after studying it, decided to block it because it
was in conflict with the constitution and breached the principle
of open competition between political parties, his office said.
Zeman has expressed support for Babis, whose ANO holds a
double-digit poll lead over Prime Minister Bohuslav Sobotka's
Only Babis's party and several independents opposed the
conflict of interest bill during a vote last month.
(Reporting by Robert Muller; Editing by Catherine Evans)