Wieczerzak released on bail of "strange" zl.300,000

A court on Friday released on bail of zl.300,000 the former head of state-controlled insurer PZU Zycie, Grzegorz Wieczerzak. Wieczerzak was arrested last week on suspicion of masterminding a multi-million dollar loan fraud. The court ordered Wieczerzak not to leave the country while prosecutors investigate his activities, which may turn out to constitute the biggest case of fraud in post-1989 Poland. Interior Minister Marek Biernacki has described the zl.300.000 bail figure as rather strange. "I can see here a little discrepancy, since the police found zl.600,000 in Wieczerzak's homes," he said. (Rzeczpospolita, July 21-22, p. A1; Reuters ) P.J.