Cormay ordered to submit list of money transfers amid creditor accusations

Cormay Poland, one of the country's leading pharmaceuticals wholesalers, is being accused of transferring large sums of money to its subsidiaries. Corma y has filed for bankruptcy, however its major creditors, which include BRE B ank and Pekao S.A., believe that large sums of money have been filtered out of the company and into the accounts of its subsidiaries. The court has orde red Cormay to submit a list of the financial transfers it has made to its af filiated companies. The pharmaceuticals distributor's debts are estimated to be around zl.200 million. Part of this is owed to foreign creditors such as Merck Sharp Dohme, which is claiming zl.12 million, and Slovenia's Pliva and Lek, which are demanding zl.5 million and zl.2 million respectively. (Puls B iznesu, p. 8) A.K.