Monday, December 03, 2007

Polish prosecutor withdraws arrest warrant for billionaire Ryszard Krauze

Poland's chief prosecutor has withdrawn an arrest warrant for the country's fifth richest man Ryszard Krauze, a newspaper Dziennik reported today citing the prosecutor's spokesman.

In August the prosecutor tried to detain and press charges against Krauze, who controls several Warsaw-listed stocks including biotech company Bioton and oil venture Petrolinvest, as part of a wider investigation into leaks that undermined a corruption probe and led to a collapse of the ruling coalition.

Krauze has stayed abroad since the scandal broke out. He stepped down as the chief executive of Poland's largest computer-services company Prokom and agreed to merge it with a local peer Asseco Poland, in which he also has a stake.

The arrest warrant was withdrawn on November 15, the newspaper quotes prosecutor's spokeswoman Katarzyna Szeska as saying. The decision means Krauze will not be detained on his return to Poland.