Still not a peep: JP Morgan Accused of Manipulation of Poland's Equity MarketsSubmitted by Charleston Voice on Mon, 05/21/2012 - 10:05
Monday, May 21, 2012 10:01
Still not a peep: JP Morgan Accused of Manipulation of Poland's Equity Markets
After more than three years we have seen no subsequent stories, follow-ups, or resolution to this story - - anyone have any info? Where are the financial journalist sleuths to sniff out the truth?
The government is investigating JP Morgan's activities in Poland
1st December 2008
Economy Minister Waldemar Pawlak has announced that the government will investigate financial services firm JP Morgan's activities in Poland, and will ask the US authorities for an explanation.
Waldemar Pawlak, Deputy Prime Minister, Minister of Economy, Poland
Concerns emerged in late November when the Polish Financial Supervision Authority (KNF) stated that it had reason to suspect that JP Morgan had been involved in manipulation of the blue-chip WIG20 index on November 12. That session ended in a 9.1 percent loss for the index. The KNF has contacted the Prosecutor's Office...