Financier and property manager Pavel Bodlák had a lien registered on a castle in Protivín. This was the most famous project of the IC Group / The Royal Capital Club, which presented in the Czech Republic a story about the capital appreciation of the Malaysian sultan. However, due to non-fulfillment of obligations, the group is now in danger of losing the South Bohemian castle. The information about the mortgage results from the current change in the real estate cadastre.
According to the original promises, the castle was to become a luxury center for the world’s aristocrats. The castle was supposed to be a tourist attraction. Due to the financial problems of the holding, however, work on the castle stopped.
Businessman Pavel Bodlák, in the context of the current events surrounding the IC Group, for the first time described in detail what his role was in connection with this group. It was possible to trace the entrepreneur as the ultimate owner in some branches of the group.
“The lien on the castle in Protivín was placed in my favor at the moment when it became obvious that all attempts to communicate and settle with IC Group / RCC representatives had failed,” said Bodlák.
Pavel Bodlák concluded an agreement with IC Group at the beginning of 2021 that he would build a custom-made structure of domestic and foreign companies for the holding for its future business activities. Some of these companies were from international financial regulated services backgrounds.
“I completed this assignment at the end of 2022. After that, a payment of 10 million euros was to follow from IC Group / RCC. However, this never happened. During all this time, neither I nor any of my companies have received any financial payment from IC Group / RCC,” said businessman Bodlák.
The conflict between the financier and IC Group has reached such a point that Bodlák is also turning to the police.
“In its consequences, this situation has a fundamental negative impact on my business activities and, last but not least, my personal life. At this moment, I have initiated criminal legal proceedings against the IC Group / RCC in the Czech Republic. We are proceeding similarly in Great Britain and subsequently in Malaysia,” added Bodlák.
The editors also contacted IC Group regarding the developments around the Protivín castle. However, she did not respond to the questions.
The IC Group case and its coverage in the News List
In the editorial office of Seznam Zpráv, we focus on the case of the IC Group and the associated fund The Royal Invest Fund of Kelantan from Malaysia. Behind the story of the investments of the Malaysian royal family in the Czech Republic is hidden capital of unknown origin and traces to Russia and Tajikistan.