“The issue of sending notifications to the Public Prosecution is the subject of analyzes conducted at the Office of Financial Supervision. Information on this matter will be provided when the audit results are presented.” – The press office of the Supreme Audit Office informed Business Insider Polska.
According to our findings, the President of the Chamber, Marian Banach, will present the results of the auditors’ work, which we were the first to reveal on Monday, January 22, the beginning of February. This means that this will likely happen before the general shareholders' meeting scheduled for February 6 this year.
The rest of the text is below the video
NIK strikes against merger
The report, whose contents were obtained by Business Insider, examines the manner and consequences of the merger of Orlen and Lotos.
The auditors showed, among other things: Lotos assets were sold for at least PLN 5 billion less than their value. Saudi Aramco, which bought 30% for PLN 1.15 billion. Shares in the Gdańsk Refinery may recover the invested funds within 15 months only from the margin of the products sold.
In addition, according to auditors, the state has lost influence on sales trends of nearly a fifth of gasoline and diesel production. NIK also noted that the conditions for the merger of fuel companies agreed by Poland created significant risks to Poland's fuel security.
Orlin denies these accusations
Orlin rejects all the controllers' allegations and says the merger with Lotos was carried out according to the best standards and under the control of all corporate and state authorities.
“Given the importance of the deal in the context of Poland’s energy security, pThis process was carried out in consultation with all relevant state authorities, which had access to all necessary information. This matter also concerns the Minister of State Assets,” we read in response to our questions.
The great merger. Thus, the share of the state treasury changed
After the merger of Lotos and PGNiG with Orlen, the state treasury's share in Płock reached nearly 50 percent. Previously, the government owned about 27.5 percent. Shares in the company managed by Daniel Obajtic. However, in Lotos (more than 53 percent of shares) and PGNiG (nearly 72 percent) he was the majority shareholder before the takeover.
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.
