Market fears following links between PZU murder, fund and mafia

The investigation into the murder of Piotr Głowala, a plenipotentiary of the former PZU president Grzegorz Wieczerzak, is bound to shake the domestic capital market, claims Rzeczpospolita. The prosecutors have discovered that Janusz Lazarowicz, the president of XIV National Investment Fund, whom Głowala blackmailed, is linked with Witlold W., a man thought to be the mafia accountant for the crime oganization which controls the Baltic seaside resorts. Lazarowicz was a head of Raiffeisen Investments Polska between 2000 and 2002 and a member of Raiffeisen Centrobank board in 1998-2000, where he was responsible for capital investments. Rzeczpospolita has learned that from 1998 Lazarowicz has conducted a number of transactions on which the bank lost over zł.6 million. On all of these operations Witold W. earned millions. Both Lazarowicz and Witold W. claim that they met for the first time in 2002 and explain that the transactions in which the institutions represented by Lazarowicz lost and Witold W. earned are a pure coincidence. (Rzeczpospolita, pp.A1, A4) E.B.