An audit has revealed that tens of millions of crowns that VZP, the largest Czech health insurance firm, paid to the electronic medical records company IZIP ended up in the coffers of firms controlled by its representatives, raising suspicions of corruption, local media reported.

State-controlled Vseobecna zdravotni pojistovna (VZP) had called the audit ahead of a board meeting on Monday at which it was to discuss the ongoing Kc 1.8 billion IZIP project to create and maintain the massive electronic database of medical records, and vote on finalizing the purchase of a majority stake in it.

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CZECH REPUBLIC: Czech insurer VZP audit of IZIP shows millions 'vanished'