I am sorry

Alan Heath
04-10-2002, 00:00

Dariusz Baran, the former head of now bankrupt leasing firm CliF told us that he very much sympathises with those clients of his which had their assets taken away from them although he says that the blame does not lie with his company but with Kredyt Bank. The latter has chosen not to comment. Dariusz Baran says that it was a mistake to declare bankruptcy. Bankruptcy can happen when a company is unable to meet its obligations and he claims that this was not the case with CliF as all unquestioned debts were paid. He admits that there was some questioned debts and gives the example of Kredyt Bank which came to a agency agreement offering bonds. This was meant to be another way of accessing otherwise hard to obtain credits. The bank failed to live up to the agreement and, in the opinion of Baran, manipulated the debt. Kredyt Bank then failed to account for the money that was paid by the lessees despite requests by CliF and the liquidators to do so.

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