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The Parole Board, in a just released decision, said Serco had seriously underestimated Sroubek's risk.
Factors the board deemed highly relevant to the risk he posed include: that his offending involving an attempted sophisticated importation of drugs into New Zealand from the Czech Republic, his association with criminals in the Czech Republic and his association with the Hells Angels in New Zealand.
Further consideration of parole will be delayed for a relatively short period until the end of January 2020.
He first came to New Zealand in 2003 on a false passport in the name of Jan Antolik.
Sroubek was found guilty in a 2011 jury trial of using a false passport and lying to immigration officials, but was discharged without conviction by the trial judge, who believed his evidence.
The representative kickboxer claimed he had to flee his home in the Czech Republic in fear of corrupt police officers and a criminal after witnessing a murder.
Four years later he was jailed for five years and nine months for bringing a drug used to make Ecstasy into the country hidden among legitimate goods. He is due to finish his sentence in early 2022.