Half-Dozen Former Regulators Detained in Poland

WARSAW, Poland–At least a half-dozen individuals who once worked for this country’s financial regulator have been detained as part of an investigation into potential wrongdoing.

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Among them was one suspect, identified only as Andrzej J. under Polish privacy laws, who was detained as part of an investigation into officials who supervised ailing credit union SKOK Wołomin from 2012 to 2014, according to Polish Radio’s IAR news agency.In all, six former high-level financial supervision officials who once worked under Andrzej J. were also detained by Poland’s Central Anti-Corruption Bureau (CBA) at the request of prosecutors, IAR reported.

Ewa Bialik, a spokeswoman for the Public Prosecutor's Office, told Polish Radio that all seven suspects were facing charges of white-collar crime.

"Extensive and scrupulously collected evidence suggests that the detainees committed the offense of neglecting their duty, in connection with their roles at the Financial Supervision Authority (KNF) in 2013-2014, with a view to achieving substantial financial gain to the detriment of the Bank Guarantee Fund and depositaries," the Polish Public Prosecutor's Office said in a statement.

Andrzej J. served as head of Poland’s Financial Supervision Authority from mid-October 2011 to October 2016, according to Polish Radio.

Section: Standard
Word Count: 306
Copyright Holder: CUToday.info
Copyright Year: 2019
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URL: http://www.cutoday.info/THE-globe/Half-Dozen-Former-Regulators-Detained-in-Poland