ABW raid BM in connection with PZU investigation

They acted on the order of the appeal prosecutor's office in Gdańsk which is currently conducting an investigation into the irregularities surrounding the privatization of PZU. In 1999 Bank Millennium, then BIG Bank Gdański, bought 10% of PZU's shares. The ABW officers also appeared at the apartment of Anna Rapacka, a member of the BIG Bank Gdański management board at the time when Kott was the bank's president. "The aim of the raids was to secure the documentation necessary for the investigation. And it was achieved," stated the prosecutor' spokesman Krzysztof Trynka. No documents were found at the apartments of Rapacka and Kott, but a substantial number was secured at Bank Millennium's headquarters. The news about the search upset investors and BM's shares fell from zł.3.19 to 3.10 which means that the value of the company decreased by zł.76 million. (Puls Biznesu, p. 6; Parkiet, p. 6) E.B.