Poland’s Treasury seeks probe of Warsaw bourse’s head
January 3, 2013
The Warsaw Stock Exchange operator GPW’s lead shareholder, Polish Treasury Ministry has asked the anti-corruption bureau CBA to investigate the suspended WSE CEO Ludwik Sobolewski for allegedly abusing his position by trying to solicit financial support for purposes unrelated to the stock exchange, GPW spokesperson said on Wednesday.
"The Treasury Ministry asked the CBA to take steps aimed at checking the process of garnering means for financing a commercial film production," Katarzyna Kozlowska said.
On December 21, following a sitting of the governing council,
GPW suspended Sobolewski, who had come under fire after a report broke in the local press suggesting Sobolewski had leveraged GPW resources to garner financial support from listed firms for a film in which his partner was involved.
Poland's Treasury Ministry had ordered an audit of the matter. While recent leaks of that audit in the media cleared Sobolewski of such direct financing efforts, the exchange's council expressed its disapproval of the situation and media reports further suggested that the Treasury would seek to remove Sobolewski.
The exchange’s council named vice-president Adam Maciejewski as acting president and further delegated Pawel Graniewski from its own number to a temporary board seat, the GPW said in a market filing
An extraordinary general assembly of those who have shares in the exchange is to decide Sobolewski's future on Jan. 17.