State Treasury controlled TFS under investigation by ABW

The suspected misconduct concerns zł. 500 million which was granted by the State Treasury to the company for supporting the restructuring of the mining sector. "This concerns the activities of the former management board in 2002. We will call in experts who are to estimate the amount of possible losses, which could have been a result of the acquisition of Centrostal Bydgoszcz and 25 co-related companies. It is projected that the value of this transaction was zł. 90 million," said Michał Cichy, the spokesperson for ABW in Katowice. ABW is simultaneously investigating a case related to Walcownia Rur Jedność (WRJ), a pipe rolling company, an unfinished investment which has already absorbed zł. 600 million mainly spent by the Treasury. "In this case we are also investigating Silesia," adds Cichy. In 2001, WRJ was granted a credit of zł. 135 million, zł. 55 million of which was guaranteed by TFS. The funds were transferred to the main contractor, Enpol, but the construction never began. (Puls Biznesu, p. 6) A.K.