Wieczerzak's testimony leads to the arrest of Gdynia Shipyard top directors

Internal Security Agency (ABW) officers have arrested two former deputy presidents of the Gdynia Shipyard Group, Andrzej B. and Hubert K., and plan to arrest the former president of the company, Janusz Szlanta. The directors are accused of exposing the shipyard to the danger of losses of zł. 31 million by submitting unjustified guarantees to the Shipyard Investment Fund, a company co-owned by them. The fact that the authorities chose to act now, several months after the new board of directors reported the issue, may be connected to the plan to renationalize the yard, a decision which the shareholders will vote on during their Extraordinary Shareholders Meeting, scheduled for November 10. Additionally, Hubert K. may be sued for the role he allegedly played in the privatization of PZU in 1999, due to allegations made by the former president of the insurer, Grzegorz Wieczerzak. While being interrogated by the prosecutor Wieczerzak said that Hubert K. who worked in the Treasury Ministry at the time, proposed PZU a deal. Under the agreement, PZU would buy the new issue of shares in the troubled Gdynia Shipyard, and in return Wieczerzak would keep his position in the company, and Eureko-BIG BG consortium would be chosen as an investor for PZU. (Puls Biznesu, pp. 1, 8) M.K.