{"id":41831,"date":"2026-04-01T04:07:58","date_gmt":"2026-04-01T04:07:58","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/41831\/"},"modified":"2026-04-01T04:07:58","modified_gmt":"2026-04-01T04:07:58","slug":"osud-byvaleho-fondu-csnf-maji-v-rukou-drzitele-dluhopisu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/41831\/","title":{"rendered":"Osud b\u00fdval\u00e9ho fondu \u010cSNF maj\u00ed v\u00a0rukou dr\u017eitel\u00e9 dluhopis\u016f"},"content":{"rendered":"<p class=\"e_bV\">U\u017e v\u00edce ne\u017e rok se b\u00fdval\u00fd investi\u010dn\u00ed fond \u010cSNF pot\u00fdk\u00e1 s\u00a0dopady kauzy sv\u00e9ho zakladatele Daniela \u0158\u00edmala. Ten je obvin\u011bn\u00fd z\u00a0da\u0148ov\u00fdch \u00fanik\u016f v\u00a0p\u0159\u00edpadu, kter\u00fd s\u00a0\u010cSNF nesouvis\u00ed. Fond p\u0159esto kv\u016fli hroz\u00edc\u00edmu odlivu kapit\u00e1lu ji\u017e loni zastavil odkupy akci\u00ed a\u00a0ned\u00e1vno po ztr\u00e1t\u011b depozit\u00e1\u0159e vystoupil z\u00a0regulovan\u00e9 sf\u00e9ry.<\/p>\n<p class=\"e_bV\">Fond \u010cSNF krom\u011b investi\u010dn\u00edch akci\u00ed nab\u00edzel investor\u016fm i\u00a0dluhopisy. Podle posledn\u00ed zve\u0159ejn\u011bn\u00e9 v\u00fdro\u010dn\u00ed zpr\u00e1vy \u010cSNF m\u00e1 fond vydan\u00e9 dluhopisy za 446\u00a0milion\u016f korun. A\u00a0budou to pr\u00e1v\u011b dr\u017eitel\u00e9 dluhopis\u016f, kte\u0159\u00ed v\u00a0\u00fater\u00fd 31.\u00a0b\u0159ezna rozhodnou na sv\u00e9 sch\u016fzi o\u00a0osudu fondu. Firma se bude sna\u017eit investory p\u0159esv\u011bd\u010dit, aby k\u00fdvli na jej\u00ed z\u00e1chrann\u00fd pl\u00e1n. P\u0159edpokl\u00e1d\u00e1 odklad splatnosti dluhopis\u016f o\u00a0dva roky, vzd\u00e1n\u00ed se \u010d\u00e1sti v\u00fdnos\u016f a\u00a0dokon\u010den\u00ed developersk\u00fdch projekt\u016f.<\/p>\n<p class=\"e_bV\">Firma nyn\u00ed na sv\u00fdch internetov\u00fdch str\u00e1nk\u00e1ch uv\u00e1d\u00ed t\u0159i nemovitostn\u00ed projekty, a\u00a0to v\u00a0Kolovratech u\u00a0Prahy, Kr\u00e1lovsk\u00fd statek nedaleko Karl\u0161tejna a\u00a0men\u0161\u00ed apartm\u00e1nov\u00fd projekt na Slapech. Nejv\u011bt\u0161\u00ed projekt m\u011bla \u010cSNF v\u00a0Ch\u00fdni z\u00e1padn\u011b od metropole. Kv\u016fli nezaplacen\u00ed kupn\u00ed ceny se ale loni <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-byznys-reality-fond-csnf-pred-zatcenim-sveho-sefa-odstoupil-z-miliardoveho-projektu-271291\" class=\"e_n\" rel=\"nofollow noopener\">pozemky vr\u00e1tily zp\u011bt k\u00a0p\u016fvodn\u00edmu majiteli<\/a>.<\/p>\n<p class=\"e_bV\">Administr\u00e1torem dluhopisov\u00fdch emis\u00ed <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/tag\/fond-csnf-121584\" class=\"e_n\" rel=\"nofollow noopener\">\u010cSNF<\/a> byla spole\u010dnost Cyrrus, kter\u00e1 byla z\u00e1rove\u0148 depozit\u00e1\u0159em fondu. Kdy\u017e Cyrrus loni na podzim odstoupil z\u00a0pozice depozit\u00e1\u0159e \u010cSNF, tak z\u00e1rove\u0148 investor\u016fm s\u00a0ohledem na ochranu jejich z\u00e1jm\u016f doporu\u010dil, aby dluhopisy zesplatnili. To by ale podle \u010cSNF znamenalo jej\u00ed konec.<\/p>\n<p class=\"e_bV\">\u201eDr\u017eitel\u00e9 dluhopis\u016f stoj\u00ed p\u0159ed kl\u00ed\u010dov\u00fdm rozhodnut\u00edm: bu\u010f se rozhodnou vyvolat insolvenci \u010cSNF, anebo \u010cSNF projev\u00ed d\u016fv\u011bru a\u00a0rozhodnou se umo\u017enit mu dokon\u010dit st\u00e1vaj\u00edc\u00ed developersk\u00e9 projekty. Pokud by v\u00fdznamn\u00e1 \u010d\u00e1st dr\u017eitel\u016f dluhopis\u016f popsanou restrukturalizaci dluhu odm\u00edtla, hroz\u00ed \u010cSNF stav \u00fapadku,\u201c uvedl nyn\u00ed ve vyj\u00e1d\u0159en\u00ed pro <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/sekce\/ekonomika-194\" class=\"e_n\" rel=\"nofollow noopener\">SZ Byznys<\/a> advok\u00e1t Denis Ejubovi\u010d pov\u011b\u0159en\u00fd krizov\u00fdm \u0159\u00edzen\u00edm \u010cSNF.<\/p>\n<p><a data-dot=\"mol-article-card-media\" aria-hidden=\"true\" tabindex=\"-1\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-firmy-investori-csnf-prisli-o-ochranu-fond-se-zmenil-na-firmu-rizikoveho-kapitalu-300888\" class=\"e_n f_lY\" rel=\"nofollow noopener\" target=\"_blank\"><img fetchpriority=\"high\" height=\"2250\"   width=\"4000\" src=\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/03\/csnf-daniel-rimal.mpo.jpeg\" loading=\"eager\" decoding=\"sync\" class=\"e_aa e_Z\"\/><\/a><\/p>\n<p class=\"e_bV\">\u201eV p\u0159\u00edpad\u011b rozprodeje majetku \u010cSNF v\u00a0insolven\u010dn\u00edm \u0159\u00edzen\u00ed, tzn. bez dokon\u010den\u00ed projekt\u016f, by uspokojen\u00ed dr\u017eitel\u016f dluhopis\u016f mohlo dle na\u0161ich odhad\u016f dosahovat maxim\u00e1ln\u011b 20\u00a0a\u017e 40\u00a0procent\u00a0vklad\u016f a\u00a0cel\u00fd proces by mohl trvat v\u00edce ne\u017e dva roky,\u201c dodal Ejubovi\u010d.<\/p>\n<p class=\"e_bV\">Kdy\u017e Cyrrus <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-byznys-reality-realitni-fond-csnf-se-propada-hloubeji-do-potizi-prisel-o-dozor-291275\" class=\"e_n\" rel=\"nofollow noopener\">odstupoval z\u00a0pozice depozit\u00e1\u0159e<\/a>, bylo z\u00a0vyj\u00e1d\u0159en\u00ed v\u0161ech stran z\u0159ejm\u00e9, \u017ee se do vztah\u016f mezi n\u00edm a\u00a0fondem \u010cSNF, respektive jeho spr\u00e1vcem Avant investi\u010dn\u00ed spole\u010dnost\u00ed, vkradlo nap\u011bt\u00ed. Nyn\u00ed v\u0161ak nov\u00fd \u0161\u00e9f \u010cSNF Ejubovi\u010d uv\u00e1d\u00ed, \u017ee se p\u0159ed kl\u00ed\u010dovou sch\u016fz\u00ed dr\u017eitel\u016f dluhopis\u016f sna\u017e\u00ed naj\u00edt s\u00a0Cyrrusem spole\u010dnou \u0159e\u010d.<\/p>\n<p class=\"e_bV\">\u201eJedn\u00e1n\u00ed prob\u00edhaj\u00ed. Cyrrus je nad\u00e1le strategick\u00fdm partnerem \u010cSNF. \u010cSNF se spole\u010dnost\u00ed Cyrrus v\u00a0roli obchodn\u00edka s\u00a0cenn\u00fdmi pap\u00edry \u00fazce spolupracuje na informov\u00e1n\u00ed dr\u017eitel\u016f dluhopis\u016f o\u00a0ekonomick\u00e9m stavu \u010cSNF a\u00a0zaji\u0161t\u011bn\u00ed \u0159\u00e1dn\u00e9ho pr\u016fb\u011bhu p\u0159edm\u011btn\u00e9 sch\u016fze,\u201c uvedl Ejubovi\u010d.<\/p>\n<p>P\u0159\u00edpad podnikatele Daniela \u0158\u00edmalaN\u00e1rodn\u00ed centr\u00e1la proti organizovan\u00e9mu zlo\u010dinu obvinila zakladatele realitn\u00edho fondu \u010cSNF Daniela \u0158\u00edmala ze zapojen\u00ed do da\u0148ov\u00fdch podvod\u016f p\u0159i mezin\u00e1rodn\u00edch obchodech s pou\u017eit\u00fdmi mobily. Detektivov\u00e9 vy\u010d\u00edslili \u0161kodu na 335 milion\u016f korun. Daniel \u0158\u00edmal a dal\u0161\u00ed osoby ve vy\u0161et\u0159ovan\u00e9 skupin\u011b m\u011bli \u00famysln\u011b zneu\u017e\u00edt speci\u00e1ln\u00ed da\u0148ov\u00fd re\u017eim, kter\u00fd umo\u017e\u0148uje zdanit pouze ziskovou p\u0159ir\u00e1\u017eku obchodn\u00edka, pokud zbo\u017e\u00ed poch\u00e1z\u00ed z\u00a0Evropsk\u00e9 unie. V jejich p\u0159\u00edpad\u011b v\u0161ak podle policie tato podm\u00ednka nebyla spln\u011bna, proto\u017ee bylo prok\u00e1z\u00e1no, \u017ee telefony poch\u00e1zely z\u00a0USA.Na \u00fazem\u00ed \u010cesk\u00e9 republiky zadr\u017eeli policist\u00e9 dv\u011b osoby podez\u0159el\u00e9 z\u00a0t\u00e9to trestn\u00e9 \u010dinnosti. Jednou z nich je Daniel \u0158\u00edmal, kter\u00fd skon\u010dil ve vazb\u011b. V\u00a0Loty\u0161sku byly zadr\u017eeny dal\u0161\u00ed t\u0159i osoby, kter\u00e9 jsou rovn\u011b\u017e ve vazb\u011b. \u010cR usiluje o vyd\u00e1n\u00ed v\u0161ech t\u0159\u00ed Loty\u0161\u016f k trestn\u00edmu st\u00edh\u00e1n\u00ed.V\u00a0r\u00e1mci realizace bylo v\u00a0obou zem\u00edch provedeno dev\u011bt domovn\u00edch prohl\u00eddek a\u00a0sedm prohl\u00eddek nebytov\u00fdch prostor.Policist\u00e9 zajistili v\u00fdpo\u010detn\u00ed techniku a\u00a0majetek v\u00a0hodnot\u011b kolem 60\u00a0milion\u016f korun. Zahrnuje nemovitosti, pen\u00edze na bankovn\u00edch \u00fa\u010dtech, hodinky, kabelky, drah\u00e9 kameny, automobily a\u00a0motocykl.Na shrom\u00e1\u017ed\u011bn\u00ed d\u016fkaz\u016f se pod\u00edlely i Rakousko, Francie, N\u011bmecko, It\u00e1lie a Slovensko.Vy\u0161et\u0159ov\u00e1n\u00ed dozoruje \u00da\u0159ad evropsk\u00e9ho ve\u0159ejn\u00e9ho \u017ealobce. Do pravomocn\u00e9ho rozsudku jsou Daniel \u0158\u00edmal a dal\u0161\u00ed obvin\u011bn\u00e9 osoby nevinn\u00ed. <\/p>\n<p class=\"e_bV\">\u201ePostupujeme v\u00a0souladu s\u00a0platn\u00fdmi p\u0159edpisy a\u00a0v nejlep\u0161\u00edm z\u00e1jmu investor\u016f. Na\u0161\u00ed prioritou z\u016fst\u00e1v\u00e1 otev\u0159en\u00e1 a\u00a0v\u011bcn\u00e1 komunikace, p\u0159i\u010dem\u017e poskytujeme ve\u0161ker\u00e9 relevantn\u00ed informace, aby dr\u017eitel\u00e9 dluhopis\u016f mohli \u010dinit kvalifikovan\u00e1 a\u00a0odpov\u011bdn\u00e1 rozhodnut\u00ed,\u201c sd\u011blila bez dal\u0161\u00edho koment\u00e1\u0159e spole\u010dnost Cyrrus.<\/p>\n<p class=\"e_bV\">P\u0159i sh\u00e1n\u011bn\u00ed kapit\u00e1lu na p\u0159\u00edpadn\u00e9 dokon\u010den\u00ed developersk\u00fdch projekt\u016f se bude muset \u010cSNF vypo\u0159\u00e1dat s\u00a0t\u00edm, \u017ee ji\u017e nebude moci nab\u00edzet sv\u00e9 investi\u010dn\u00ed produkty \u0161irok\u00e9 ve\u0159ejnosti. To je dal\u0161\u00ed skute\u010dnost, kter\u00e1 odli\u0161uje regulovan\u00e9 investi\u010dn\u00ed fondy od firem rizikov\u00e9ho kapit\u00e1lu zalo\u017een\u00e9 podle paragrafu 15\u00a0z\u00e1kona o\u00a0investi\u010dn\u00edch spole\u010dnostech a\u00a0investi\u010dn\u00edch fondech. Pr\u00e1v\u011b takovouto firmou rizikov\u00e9ho kapit\u00e1lu se <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-firmy-investori-csnf-prisli-o-ochranu-fond-se-zmenil-na-firmu-rizikoveho-kapitalu-300888\" class=\"e_n\" rel=\"nofollow noopener\">po ned\u00e1vn\u00e9 transformaci<\/a> stala i\u00a0\u010cSNF.<\/p>\n","protected":false},"excerpt":{"rendered":"U\u017e v\u00edce ne\u017e rok se b\u00fdval\u00fd investi\u010dn\u00ed fond \u010cSNF pot\u00fdk\u00e1 s\u00a0dopady kauzy sv\u00e9ho zakladatele Daniela \u0158\u00edmala. Ten je&hellip;\n","protected":false},"author":2,"featured_media":20541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[475,3903,10043,98,99,780],"class_list":{"0":"post-41831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-praha","8":"tag-developer","9":"tag-dluhopisy","10":"tag-fond-csnf","11":"tag-prague","12":"tag-praha","13":"tag-reality"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116327488041885527","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/41831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=41831"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/41831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/20541"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=41831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=41831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=41831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}