Inside Vítek's CPI: A Czech Billionaire's House of Cards
Two Czech businessmen — Marek Čmejla and Jiří Diviš — placed their trust, and a great deal of money, in a real estate operator named Radovan Vítek. Vítek ran the company. They called it a “parity partnership.” With Čmejla and Diviš’s money Vitek bought buildings, land, hotels, and apartments. Vítek would identify acquisitions, negotiate deals, manage the companies, and build the portfolio. Half belonged to Vítek. Half belonged to Čmejla and Diviš. At the beginning, it probably seemed like the kind of arrangement that could last forever. The Prague Land Among the properties the partnership acquired were two parcels of
