NIK uncovers financial irregularities at airport management company

In a report published yesterday, the Supreme Board of Inspection (NIK) accus es successive directors of the Polish Airports Authority (PPL) of causing zl .50 million in losses to the State-owned company between 1998 and 2000. An N IK investigation found that PPL directors made personal use of State assets, among them Waldemar Domanowski who guaranteed a zl.13 million loan for the G-5 company. According to NIK deputy director Krzysztof Szwedowski, PPL has no right to participate in this type of transaction. The NIK also criticizes PPL's accounting and its poor financial discipline, and finds fault with the Transport Ministry for its lack of supervision of the company. The NIK repor t also notes that PPL's financial stability has been threatened by generous severance packages, ranging from zl.59,000 to zl.177,000. (Prawo i Gospodark a, p. 3; Rzeczpospolita, p. A3; Zycie, p. 9) M.T.K.