Prosecutor begins hearing testimony in insider trading case against Siwak

The public prosecutor has started interviewing witnesses in the case of Waldemar Siwak, former interim president of Elektrim and current chairman of the company's supervisory board. Siwak, who is accused of insider trading, faces up to six years in jail and a fine of zl.5 million if he is found guilty of the charge. The investigation was launched several weeks ago after a complaint was filed by the Securities and Stock Exchange Commission (KPWiG). Siwak denies the accusations, and has retaliated by threatening to sue Puls Biznesu, maintaining the daily was guilty of giving false information concerning the KPWiG petition. (Puls Biznesu, pp. 1, 4) M.K.