Prosecutor's office starts investigation regarding Ciech privatization

Prosecutor's office in Warsaw launched on Wednesday an investigation regarding possible irregularities that were to happen during the privatization of Ciech company, informed the office's spokesman on Tuesday. The investigation is to check if someone did not override one's commission, and whether there was no corruption or money laundering regarding the sale of Ciech. KI Chemistry, owned by Kulczyk Investments purchased 37.9 percent of Ciech's shares for less than PLN 619 million, what was to cause an "enormous" damage to the state's treasury, the prosecutor's office claims. The Ministry of the State Treasury which conducted the sale says it was "transparent," and announced it will not comment on the matter until the investigation is completed.