Redan's shareholders breathe a sigh of relief as company president admits guilt

In a statement yesterday, Wiśniewski confessed his guilt on some of the charges of bribing customs officers, but added that one of the officers took steps which could threaten the functioning of Redan. According to Rafał Mania, the president of BPH TFI and the only representative of minority shareholders on the supervisory board, Wiśniewski is ready to step down from his post. Mania added that the board should also consider some kind of company audit, which would calm down shareholders. Redan's management board issued a statement saying that the concern's directors did not sell the company's shares and do not intend to do so. The prosecutors at the moment will not examine the enterprise's activities as they have not found any grounds to suspect more foul play. As a result of these public relations activities, Redan's standing on the Warsaw Stock Exchange increased by 3.9% on Thursday. (Parkiet, p. 6; Puls Biznesu, pp. 1, 4, 5) E.B.