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The company's shares ended at zł.105.40 last Monday, 4.2 percent down on the day. Although the stock went up to zł.106.6 on Wednesday, it dropped again to zł.105.5 on Friday.

Filipiak, who owns a 50-percent stake in first-division soccer club Cracovia, was detained by police on April 14, on the orders of the Kraków prosecutor. The businessman is suspected of impropriety in fulfilling the contract of Paweł Drumlak, a former player at Cracovia. Details of the case remained unconfirmed as WBJ went to press, but the charges against Filipiak carry a sentence of five years.

Though unrelated to the string of match-fixing allegations currently buffeting Polish professional soccer, the accusations are yet another blow to a sport under siege.

The businessman was questioned and released on bail of zł.100,000 the next day. He said he would submit two complaints against the Kraków prosecutor.