Ex KGHM management accused of embezzlement

Yesterday, Marian K., the former president of KGHM, who is accused of causing the company loses of zł. 15 million, was in court attempting to defend his actions. Also accused is Marek S., the deputy president of the company. The prosecutor has charged both managers, who were members of the board between 1999 and 2001, with mismanagement and using company funds for their own benefit. One of the actions identified by the prosecutor was the hiring of security guards to protect themselves, their families and private assets, when they did not have the right to do so. This cost KGHM zł. 2.7 million. The former top managers also implemented a complex security system for the head office that cost around zł. 7.7 million. Marian K was also charged with abusing his responsibilities when granting very high salaries to his closest employees. The former President explained that his driver, who earned the same wages as a director, was also his personal assistant, and was responsible for "identifying threats in the company." (Parkiet, p. 3) A.K.