“The Rise and Fall of Radovan Vitek’s Investment in Crans-Montana: A Legal Battle”

2023-05-02 03:30:00

The Czech businessman should bring the holiday resort of Crans-Montana into shape with his money. But he fell out with the locals. He is now also having problems with former business partners. They have been pursuing him legally for years, and now they have achieved success.

The billionaire Radovan Vitek wanted to help Crans-Montana shine again.

Laurent Gillieron / Keystone

The Czech billionaire Radovan Vitek is notorious for his brute business methods – this is also known in the Valais holiday resort of Crans-Montana. When he became the main shareholder of the CMA mountain railway company for 65 million euros in 2015 and acquired a real estate company, the locals believed they had hit the jackpot. As a rich uncle, he was supposed to help modernize the infrastructure, which was a bit outdated.

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