Tuesday, January 01, 2008

Billionaire Krauze returns to Poland to face prosecutors questions

Billionaire Ryszard Krauze, who controls several Warsaw-listed companies, returned to Poland last week to face questions in an investigation related to a political corruption row that led to the collapse of the last government.

'In the time set by the Warsaw court Ryszard Krauze arrived last Friday for questioning,' Prokom Investments spokesman Krzysztof Krol said.

Krazue, Poland's fifth richest man, stands accused of giving false testimony to investigators. He denies the charges.

Since August Krauze, who controls oil venture Petrolinvest as well as the blue-chip biotech company Bioton and builder Polnord, has remained abroad. Shares in his companies rose earlier this month on news that he would be returning to Poland before Christmas.