Business
4:31 11 October 2024
Post by: WBJ

PZU’s 2016-24 audit reveals losses exceeding PLN 700 million

PZU’s 2016-24 audit reveals losses exceeding PLN 700 million
Source: Wikicommons

PZU’s comprehensive audit covering 2016-2024 has uncovered over PLN 700 million in damages, leading to three criminal reports filed with the prosecutor's office, with more expected. The audit, involving 26 investigations across 18 areas, revealed irregularities in transactions, particularly the acquisition of the media distributor Ruch and dealings with management consultants. The findings also highlight concerns about political influence in key managerial hires. Losses related to Ruch total PLN 58 million, with Alior Bank, part of the PZU Group, contributing an additional PLN 210 million. However, these losses have already been accounted for in previous financial results.


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