The Wrocław territory Court has not yet made a decision on the temporary arrest of Janusz Palikot, who faces serious allegations of financial fraud. According to justice Marek Poteliarski, a spokesperson for the Wrocław territory Court, the decision was postponed until Saturday.
Charges for Palikot and his associates
Recall that Janusz Palikot, a well-known businessman and erstwhile politician, was detained on Thursday by the Central Anti-corruption Office (CBA) on the basis of allegations of fraud. The investigation, which led to his arrest, concerns fraud worth nearly PLN 70 million, on which respective 1000 people were to die. His close associates, Przemysław B. and Zbigniew B., are besides accused in this case. All 3 men have allegations of fraud and misleading investors.
The D.A.'s communication shows that "in the tender papers concerning both the issue of shares and debt campaigns, false misleading information has been presented about the usage of money paid by investors and the actual financial condition of companies."
Janusz Palikot's defense: "Unwarranted allegations"
Janusz Palikot, according to his defender's statement, pleads not guilty. Advocate Jacek Dubois, his attorney, emphasizes that the application for the temporary arrest of Palikot is without grounds and aims only to harm creditors. According to Dubois, the isolation of Palikot, as well as another persons active in the business of the companies, can only make the situation of creditors worse.
“I treat this application unequivocally as acting as a prosecutor to the detriment of creditors. If Mr Palikot is isolated, if another persons applicable to these companies are detained, then at this point it can only be said that they have no chance," said Advocate Dubois in a Friday statement.
Palikot as an investor and a victim?
Janusz Palikot's defender besides pointed out that his client, being active in the task as an investor, lost crucial sums of money. “He was besides an active investor in this venture, besides putting out his own money, guaranteeing a number of activities with his own assets and just as another investors lost almost all their assets,” added Dubois.
Media reports show that Palikot, who has been moving a liquor business for respective years, has faced serious financial problems. Many investors who entrusted him with their savings could not recover them, which only increased the financial force on erstwhile policy.
Subsequent steps in the proceedings
At Saturday's sitting, the court will decide whether Janusz Palikot will go to temporary detention. The defence announces the fight for the freedom of its client and indicates the hazard of further negative consequences for companies and creditors in the event of Palikot's arrest.
In the case of Janusz Palikot, due to the multitude of victims and the immense amount of possible losses, the investigation is of large social and media interest. The final decision of the court in this case may affect both the future of the erstwhile policy and the possibilities of recovery by the injured investors.
Potential legal consequences
The allegations that were presented to Palikot are primarily financial fraud, which threatens with severe legal consequences. In Polish law, fraud on specified a scale, linked to an adverse property regulation, can consequence in imprisonment for many years. The court in Wrocław will gotta carefully consider the evidence presented by the prosecution and the defence arguments.
Summary:
The case of Janusz Palikot raises immense emotions, both among creditors and observers of the political and economical scene. The decision on interim detention which the Wrocław territory Court will take next Saturday may be a key minute in this multi-thread case.
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The decision in custody for Janusz Palikot deferred
