In Brief: PZU Zycie chief charged; Pension contracts; Daewoo-FSO
Prosecutors have charged the former head of insurer PZU Zycie, Grzegorz
Wieczerzak, with fraud in a case which has overshadowed the ongoing
privatization of the state controlled market leader. He stands accused of
inflicting losses of zl.. 173 million on the company and misappropriating a
further zl. 9.5 million. (Reuters) ... As of 2004 all pension fund contracts
might have to be concluded at post offices as the Insurance and Pension Fund
Supervisory Commission (KNUiFE) intends to eliminate agents from the process
of signing up individuals to the funds. (Prawo i Gospodarka, p. 1) ...
Wednesday's scheduled meeting of Daewoo-FSO shareholders has been postponed
until October to give shareholders more time to decide on the company's
future. (Rzeczpospolita, p. B5) A.Z.