CZECH ENGINE manufacturer Walter faces an uncertain future following the death of Emilian Fould, the entreprenuer who took control of the company in March, but had still not paid for the acquisition.
Fould was found shot dead in Prague on 3 October, although news of the violent death was not announced for a week. Investigators appear to be treating the death as murder.
Fould's death came as he was still attempting to find funds to finance the 66% stake in Walter, which he acquired from the company's state owners in March. Although he had agreed a purchase price of CKr500 million ($15 million), only around CKr25 million materialised. Fould had promised to pay the remainder by the end of October.
Source: Flight International
