The Warsaw Voice » Business » News - September 3, 2018
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Asset manager officials arrested
Listed asset manager Altus received a resignation from its founder and supervisory board chair and admits, chiefly on the basis of media reports, that the supervisory board chair and another key official have likely been placed under arrest, the firm said in a market filing.
Citing press reports,, Altus "infers that the supervisory board chairman and one of the current vice-presidents of subsidiary Rockbridge TFI have been detained," the company said.
Altus has been under investigation for its dealings with defunct debt collector GetBack, including a 2017 sale of a smaller debt collector to GetBack.
Poland's anti-corruption office CBA detained two management board members of one of investment fund houses who are suspected of inflicting a "substantial material damage" of at least PLN 160 million on troubled debt collector GetBack, a spokesperson of regional prosecutor's office in Warsaw Agnieszka Zablocka-Konopka had told PAP.
Unofficial sources close to the investigation had indicated that the detained individuals included the former CEO as well as another former deputy CEO of Altus TFI. The two had reportedly been key in the sale of the debt collector to GetBack for over PLN 200 million vs a later valuation showing the company is worth PLN 28 million.