Supreme Board of Inspection (NIK) may itself be subjected to an inspection

Last year the Sejm Commission for State Control criticized the Supreme Board of Inspection (NIK) saying charges often referred to the wrong reports. Also, NIK's reports listed faults without making any suggestions how to correct them. In addition, companies who had been inspected by NIK, have started lodging complaints about NIK. Hortex filed the most serious accusations. It sued the president of NIK and notified the prosecutor's office that he had committed a crime. NIK accused Hortex of manipulating taxes, disclosing the president's salary, and making a public statement that the company was close to bankruptcy. Hortex says NIK has broken the law by revealing trade secrets. (Zycie, page 6) A.D. In Brief: Netia gets license; Kety and Bank Handlowy; Elektrim Pres. to stay Netia Telekom Mazowsze has finally been granted a license to provide telecommunication services in Warsaw. It is the third telecommunications company to be given such a license. Telekomunikacja Polska S.A. (RTPSA) and El-Net have previously been given licenses in the lucrative Warsaw market (Prawo i Gospodarka, page 1,2) ... Light-metal company Zaklady Metali Lekkich Kety and Bank Handlowy have joined the London-based FTSE All-World Index, a newly created index listing how funds and companies are doing internationally. (Rzeczpospolita, July 1-2, page B5) ... At the Elektrim shareholders' meeting, the company's plans to issue 17 million shares and 5.1 million managerial-options-program shares were rejected. Elektrim's president Barbara Lundberg did not resign, as it had been rumored she would do if the vote went against the company's plans. Plans to sell 3.1 million shares in order to purchase a 50%-stake in Easynet and AGS News Media were supported. (Prawo i Gospodarka, page 1) P.S.