Warsaw prosecutor prepares catalogue of accusations against Wieczerzak

The indictment against former life insurer PZU Zycie president Grzegorz Wieczerzak is likely to be filed in this week. The Warsaw prosecutor wants to charge him with acting to the detriment of the company through granting risky loans, and engaging in shady transactions involving National Investment Funds (NFI) shares, forging documents and transferring money to private accounts. The Central Buro of Investigation (CBS) found that Wieczerzak personally made decisions to grant loans totalling zl. 160 million. The financially aided companies then purchased property, which became the property of unknown entities, although these were in some way related to Wieczerzak. Around zl. 15 million was granted to the Krakow based Code company, which did not pay back the loan and then received further funds from PZU. Wieczerzak was detained on July 17, 2001, and the scale of his mismanagement is being compared to the famous FOZZ scandal about a decade ago. (Rzeczpospolita, p. A3) M.T.