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Rafał Zaorski Sentenced. Speculator Used Confidential Information.
Summary by Bankier.pl
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The king of Polish speculators—as Rafał Zaorski is sometimes called—announced this spring that he had suffered multi-million dollar losses and was suspending his investing activities for "some time." Another storm has just broken out around him. He was convicted of insider trading and fined PLN 250,000.
Rafał Zaorski was convicted of insider trading, Puls Biznesu reported Sunday evening. The court fined the well-known speculator PLN 250,000, finding that he used confidential information at Merlin Group. An expert is investigating whether a similar situation occurred with mPay shares.
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