NIK report on privatization failures that cost millions may lead to prosecutions

Yesterday the Supreme Board of Inspection (NIK) criticized the Treasury and the Privatization Agency for losing the State Treasury at least zl. 30 million due to lack of transparency in the choice of criteria for the selection of companies which were to be privatized, as well as mistakes in pricing the companies. One blatant example that NIK cited was that of 75 hectares of forest that a consulting company from Lublin decided was worth only zl. 13,300, which equals 2 groszy per square meter. According to NIK, agreements which allow a privatized company to be bought in installments often worked against the interests of the State Treasury. The sale of other companies, such as a meat processing plant in Grodzisk Wielkopolski that resulted in a a zl. 29 million loss for the state budget also came under question. NIK has sent some of the cases to the prosecutor. (Gazeta Wyborcza, p. 16) K.S.