The story dates back to November 2004, when Jarosław Węglowski signed a contract with IDM at the company‘s branch in Pszczyna to purchase and manage the shares of Polcolorit on his behalf. He granted IDM all relevant powers of attorney and paid zł.200,000 for Polcolorit stocks.
„IDM leveraged the transaction by drawing, on the customer‘s behalf, a loan in the Kraków branch of Deutsche Bank PBS for the amount of zł.200,000 and bought Polcolorit shares worth zł.400,000. The trouble is Węglowski didn‘t sign the loan agreement. This was done by Aleksandra Żelezny, the director of IDM‘s Pszczyna branch [who forged the signature],” reads the article in Puls Biznesu.
The price of Polcolorit shares dropped quickly after the debut. Węglowski lost over zł.165,000 and the bank demanded that the loan be paid off. This is when Węglowski realized he hadn‘t signed the contract in person.
„The contract had to be changed, he was out of town so [Żelezny] signed the contract for him. She broke the law by signing it with his name and surname and not as a proxy,” IDM‘s CEO says.
Żelezny was brought to court for forgery and sentenced to six months‘ imprisonment, suspended for two years, and given a fine of zł.1,000.
„We informed the prosecutor about the crime as soon as we found out what happened, but there‘s no mention of it in Puls Biznesu,” the CEO comments.
Węglowski demanded that IDM settle his claims, and refused several offers. Now, he has decided to sue the management. Grzegorz L. says Węglowski‘s claims are ungrounded and unreasonable.
Surprisingly, Żelezny is still an employee of IDM. „We decided she shouldn‘t be punished twice. She and was acting in the client‘s best interests,” Grzegorz L. says.
Puls Biznesu could not be reached for comment.
Katarzyna Dębek
Grzegorz L., the CEO of brokerage house IDM, has called a newspaper report on his company „a clear attack” and vowed to sue the paper.
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