Mostosal Export heads the list of those fined by KPWiG

The company which will have to pay the biggest penalty is Mostostal Export, a construction and property developer. According to the Commission, as many as 11 current reports of Mostostal Export contained oversights. For publishing incomplete information the company will have to pay a zł.500,000 fine. This was the highest penalty imposed by the Commission in 2005. According to Parkiet daily sources, the company did not publish data about its contractors fearing that its creditors could demand that they pay Mostostal's debt. Although the company cannot appeal against KPWiG's verdict it can still apply for a rehearing. "We will definitely do so," said Michał Skipietrow, president of Mostostal Export. (Parkiet, p. 3) A.F.