Redan's shareholders fear the worse as president is arrested on corruption charges

Investors' negative reaction was due to the news that the company's president and the main shareholder Radosław W., is suspected of bribery. The Central Bureau of Investigation arrested seven people on Monday, including Radosław W. He was charged with bribing Łódź customs officers (to the tune of zł.500,000), for which he can be sentenced up to 12 years in prison. He was released from arrest after a zł.2.1 million bail was paid. The company that trades clothes of Top Secret, Textil Market and Troll brands, assured its customers that the affair does not influence its recent operations and its liquidity is not in danger. However, investors panicked and during trade on Tuesday alone, the slump in share price reached 30%. (Parkiet, p. 2) D.W.