Libor Michálek

Czech Senator and Whistleblower

Libor Michalek (1968), now a senator, previously worked as a financial analyst and banker and is a well known Czech whistleblower. Libor Michalek became a non-party senator in 2012 with the support of Christian Democrats, the Greens and the Pirate party.

After studying at the Faculty of Science in Olomouc he has worked at the National Property Fund (NPF), where in 1996 he drew public attention to the machinations in the privatization of state-owned shares. Then immediately he lost his job, but won a lawsuit with NPF a year later. Libor Michalek also worked for 8 years in a Securities Commission, where he contributed to the recovery of hundreds of millions of CZK stolen from collective investment funds. From 2006 to 2010 he worked at the Czech National Bank, first in management, but after a collision with a lobby of pension funds he was “reassigned” to be an expert in financial market supervision. He also worked as a financial expert for the World Bank. From 2008 to 2010 he studied management program focused on public administration at Nottingham Trent University.

In 2010 Libor Michalek became a director of the State Environmental Fund (SEF), where he faced corruption in the so-called Drobil case. He made secret recordings and prevented transactions that were supposed to serve for illegal political party financing. The day after filing a criminal complaint the Environment Minister Drobil recalled him from office. The following day minister Drobil had resign as well. Two weeks later stepped down also a police president Martinu, who brought sensitive information out of the criminal file. Police later wanted to prosecute the former minister Drobil, but the State Attorney swept the case under the carpet. Media interest in SEF case contributed to the savings of nearly 250 mil. CZK.