Poczta Polska may sue supreme board of inspection

Poczta Polska (PP), the national postal service, has filed a complaint with the Sejm speaker concerning the contents of the Supreme Board of Inspection (NIK) report on PP’s capital group activities. PP Deputy Director General Mieczyslaw Chabowski says that in many instances the NIK formed its allegations based on false information. One of the most important allegations against the PP was that it participated in the companies belonging to the capital group in a way that undermines cost rationalisation and economic effectiveness. It was supposed to result in losses of ZL55.7m during the period under inspection. PP says that the ZL53m spent during the period in question was spent on setting up an insurance company, and increasing Bank Pocztowy’s capital. Furthermore, despite ZL1.4m losses in 2002, the group recorded ZL8.8m profits in 2003 and ZL39.8m in 2004. PP’s lawyers are evaluating the evidence.