Detention of former KNF heads unjustified

The Szczecin court approved the complaint about detention and preventive measures against the former management of the Polish Financial Supervision Authority (KNF). The case concerns irregularities in the supervision of KNF over SKOK Wołomin.

The complaint was made by former chairman of the Polish Financial Supervision Authority, Andrzej Jakubiak, and former deputy chairman of the KNF, Wojciech Kwaśniak. Both are accused of acting to the detriment of public interest and to the detriment of private interest between October 2013 and September 2014. The court decided to take into account all the complaints made, both for the detention of Jakubiak, as well as the provision concerning the application of preventive measures, fully recognizing the argumentation included in both appeals. (PAP)