Investors in "Polish Las Vegas" project deny all knowledge or intent to lend

Bank of America, Citibank and Johns Hopkins Medical, deny any plans to invest in the projects planned by Turkish businessman Vahap Toy in Biala Podlaska. These institutions had been quoted as potential investors by Vahap Toy and Wieslaw Huszcza, the supervisory board chief of Toy's company. "We have never heard anything about this man. We have never heard about his company and we are not going to invest in his projects," said Bank of America spokesperson Rhiannedd Jones, supposedly one of the project's main investors. "It has been a long time since I heard such a funny question. We have been contacted neither by a company called Epit & Korporacja Rozwoju Wschod-Zachod, nor by Vahap Toy," Joan Rodgers told Rzeczpospolita on behalf of Johns Hopkins Medical Institution, in answering inquiries about possible financial support. Nevertheless, the Turkish investor asserts he has "possibilities of financing the investment". "Basic funds for the investment will come from financial institutions and banks from the USA and Canada, with possible additional funds also from other institutions," declared Vahap Toy on Wednesday. According to Bohdan Wyznikiewicz from the Market Economy Research Institute (IBGR), it is the investor who takes the risk in such ventures, and not the public authority, as the authority has only to give consent, while the investor has to part with money. (Rzeczpospolita, p. A4) M.T.