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Thursday, February 29, 2024

Investigation into the merger of Orlen and Lotos. Comments Professor Tomasz Siemiątkowski

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We must explain, in my opinion not only, perhaps the biggest crime in the history of the Third Polish Republic, i.e. since 1989 – said Tomasz Siemiątkowski, head of the Department of Economic Law at the Warsaw School of Economics, on TVN24, referring to the investigation into the sale of Lotos. – This transaction took place in fact without any control by state authorities – he added.

Tomasz Siemiątkowski, head of the Department of Economic Law at the Warsaw School of Economics, was a guest on TVN24. He was asked about the investigation into the sale of Lotos.

– We need to explain what is, in my opinion and not only my opinion, perhaps the greatest crime in the history of the Third Polish Republic, i.e. since 1989 – he said.

On the sale of Lotos: we have significantly reduced the state’s energy security

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According to him, “as a result of the actions of, probably today we do not know what circle of people, loss of control over one of the two Polish refineries.”

– This means that we have significantly reduced the state’s energy security by, in fact, quasi-nationalization for the benefit of a foreign state, an energy power such as Saudi Arabia. Apart from the fact that it is very connected with the Russian Federation – explained Tomasz Siemiątkowski.

As he emphasized, “secondly, this transaction took place without any control by state authorities.”

– Including secret services, but not only, because individual ministers and central administration bodies, which are provided for in the Act on the control of certain investments. This was done in a way unimaginable for a democratic country in which such transactions are subject to very precise, strict and implemented procedures – he explained during the conversation. As he noted, “the third thing is today, uncalculated, but one huge property damage that occurred as a result of the undervalued sale price of the stake in the Gdańsk Refinery.” – The Polish state must show what is called possibilism, show that it works – he said.

Main photo source: ArtService / Forum



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