As the Chamber explained, the purpose of the control was to check whether the funds allocated to the recapitalization of PHH were assigned as intended and whether the implementation of the task was correct.
The control showed that in In the years 2019–2022, the Polish hotel holding received a total of PLN 801.3 million from the Reprivatization Fund, PLN 398.7 million from the Capital Investment Fund, as well as support in the form of shares and shares of hotel companies worth PLN 202.1 million. The largest part of the financing came from the Reprivatization Fund, which originally – from 2005 – was to be paid to the payment of compensation for unlawfully acquired property, but after changing the regulations in 2019, it began to be used to support state -owned companies.
“The transfer by the State Treasury PLN 551.3 million from the Reprivatization Fund for the recapitalization of the Polish Hotel Holding sp.
The role of the prime minister and criticism of the Supreme Audit Office
The Chamber also pointed out that when donating 1.2 billion zlotys of phh recapitalization, the State Treasury was represented by the Prime Minister. “In the NIK's opinion, the Prime Minister's activities regarding the concept of consolidating hotel assets and implementing the recapitalization from public funds of a commercial undertaking, competitive in relation to private entrepreneurs operating in the hotel sector, were not based on the social or economic policy of the state” – indicated.
“(…) The Supreme Audit Office sent a notification to the District Prosecutor's Office in Warsaw about the suspicion of committing a crime of exceeding entitlements by public officials (Article 231 of the Penal Code), in connection with the transfer of PHH, the amount of PLN 551.3 million from the Reprivatization Fund in violation of the regulations” – said NIK.
