Polish court orders arrest former CEO of Orlen Swiss unit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Source: Reuters
Court Orders Detention: A Warsaw court has ordered the detention of former executives from Orlen Trading Switzerland for three months as part of an investigation into $400 million in oil deliveries that were never received, with charges involving significant financial losses for the company.
Ongoing Investigation: The Polish prosecutors are investigating the case, which involves prepayments for Venezuelan oil, and have issued arrest warrants for the suspects who are currently believed to be in hiding.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
