MCI Management looks for a dust up with tax office

According to unofficial information, over 20 law firms are willing to take on the case. "We plan to pick the winner of this tender by the end of October. Then we will jointly discuss the sum that we can demand. Today it is difficult to state concrete sums, although we do have initial estimates," said Andrzej Lis, MCI's investment director. It is thought that the company could demand up to several dozen million złoty. The fund held a 40.38% stake in JTT for which it paid zł.10.2 million. In June 2004 it was forced to sell the shares for a total sum of zł.45,000. "The value of the shares fell due to the decisions of the tax office. If JTT continued operations it would be bringing significant benefits," added Lis. (Puls Biznesu, pp. 1, 5) A.K.