Warrant issued in Warsaw for arrest of Foreign Debt Servicing Fund embezzler

On Tuesday, the Warsaw-based court issued an arrest warrant for Grzegorz Z., accused of embezzlement in the well-known Foreign Debt Servicing Fund (FOZZ) affair. The fund was created to facilitate the buying out Polish foreign debt. According to the prosecutor's office, the fund's money was either embezzled or illegally distributed to other firms, as a result of which the state's treasury lost over zl. 354 million in 1989-1990. (Prawo i Gospodarka, page 10) A.Z.