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Has Poland’s Government Become a Threat to Business?

A financier alleges a nightmarish detention and says politics has subverted the country’s judicial system.
An accusation had been made against Przemyslaw Krych, and, at about 9 on the morning of Dec. 19, 2017, he was arrested at his home in Warsaw. The financier was sure there had been a misunderstanding, and, as armed agents of the Polish government took him away in handcuffs, he confidently told his wife he’d be back later in the afternoon.

How could it not be a mistake? Krych was the founder and co-managing director of Griffin Real Estate, which had more than $5.6 billion in assets under management and was a partner in huge local projects with global investment luminaries Pacific Investment Management Co. and Oaktree Capital Group LLC. He carried his success with a swagger, typically explaining his business this way: “Griffin doesn’t develop real estate. We buy real estate developers and become the biggest player in the markets we enter.” He hobnobbed with powerful politicians and knew what made the government tick. This arrest, he was certain, would be cleared up quickly.

Rest of story at Bloomberg: https://www.bloomberg.com/news/articles/2019-09-23/has-poland-s-government-become-a-threat-to-business

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