HŚ stock price in the sewer as police detain CEO

Hydrobudowa's CEO has been accused of acting to the detriment of the company. He allegedly signed an illegal contract with a consulting company, which brought a huge loss to the company amounting to zł. 2.09 million. The management of the company claims that the charges are groundless and assures Hydrobudowa's clients, business partners and shareholders that the situation will not affect the financial stance of the company in any respect. The only remaining member of the board was reluctant to speculate about the potential arrest of his colleagues. He said: "We are more than sure that they are faultless. Perhaps they will be back at work even today, and no one should make fuss about it." Shares of Hydrobudowa, however, plunged already by 12.6% to close at zł 52.9 during yesterday's session. (Parkiet, p.6) J.J.