Czech firm resold Chinese drones to Ukraine at 20x markup, police charge executives with tax evasion

Czech firm resold Chinese drones to Ukraine at 20x markup, police charge executives with tax evasion

Ukraine’s military received drones from a European partner at heavily inflated prices, with losses reaching tens of millions of dollars. Czech company Reactive Drone spent roughly 36 million Czech koruna on Chinese-made drones and resold them to the Armed Forces of Ukraine for 692 million koruna - about $28 million - nearly 20 times the purchase price, according to iRozhlas. Reporters say the company paid almost nothing into the Czech budget. Mo…