Business
20:17 11 September 2024
Post by: WBJ

Grupa Azoty reports alleged misuse

Grupa Azoty reports alleged misuse
Source: Wikicommons

Grupa Azoty has notified the District Prosecutor's Office in Tarnów of a suspected crime involving abuse of authority and negligence in sponsorship and advertising agreements. The company alleges that between 2021-2023, over PLN 7.5 million was misused for promotional services benefiting political entities rather than Grupa Azoty. These contracts were signed despite a suspension of non-critical expenses due to the company’s financial struggles. Grupa Azoty's president, Adam Leszkiewicz, emphasized the company's commitment to addressing irregularities as part of its cost-optimization efforts. Audits are underway, with further legal actions anticipated. Grupa Azoty, a major player in Europe's chemical and fertilizer industry, continues to face financial challenges.

Source: bankier.pl


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