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The Polish Olympic Committee voted to region President Radoslaw Piesiewicz pursuing his arrest, appointing Marian Kmita arsenic acting president done April.
Key Takeaways
- Marian Kmita replaced ousted caput Radoslaw Piesiewicz astatine PKOl connected Sept. 14 pursuing corruption charges.
- Zondacrypto collapsed into a $94 cardinal Ponzi strategy aft signing a high-profile Olympic sponsorship.
- PKOl launched an contiguous fiscal audit up of electing a imperishable president successful April.
Mounting Internal Pressure
The Polish Olympic Committee (PKOl) has dismissed its president pursuing his apprehension connected corruption charges related to a collapsed cryptocurrency firm, the organization’s recently appointed person announced Sept. 14. Marian Kmita told reporters that the enforcement committee voted to region Radoslaw Piesiewicz and name Kmita arsenic acting president.
According to local reports, Kmita volition present pb the committee done the remainder of Piesiewicz’s archetypal term, which ends successful April.
Piesiewicz’s removal came a fewer weeks aft helium was arrested connected suspicion of receiving kickbacks from the now-defunct cryptocurrency speech Zondacrypto. The erstwhile president had antecedently negotiated and signed the large sponsorship statement betwixt the Olympic committee and the cryptocurrency exchange.
Pressure had been mounting wrong the enactment for a enactment change. Kmita noted that interior absorption to Piesiewicz had brewed for months, pointing to a ceremonial protestation raised by a radical of 15 committee members who questioned the sponsorship statement with Zondacrypto soon aft it was inked past year.
Polish authorities launched an investigation into the substance successful April, triggering wide calls from the country’s sports federations for Piesiewicz to measurement down. The probe followed media reports which alleged erstwhile Zondacrypto main enforcement Przemysław Kral provided Piesiewicz with lavish gifts, including a luxury ticker valued astatine $46,605. In exchange, the Olympic main would usage his power to intervene connected behalf of the speech with UOKiK, Poland’s user extortion authority.
Government officials besides allege that Zondacrypto operated arsenic a Ponzi scheme and had ties to nationalist absorption groups, organized crime, and Russian quality services. According to authorities estimates, the company’s illness resulted successful astir $94 cardinal successful fiscal losses and affected astir 30,000 victims.
Meanwhile, Kmita acknowledged that the fallout from the ungraded has near the Polish Olympic Committee successful a “rather hard fiscal situation.” He announced that the enactment volition motorboat an contiguous audit to measure the afloat grade of the fiscal damage.
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