“First and foremost, it is not true that any court has frozen my assets. Secondly, what the media is reporting today is nothing new; it happened back in late October. Thirdly, I continue to fully control and oversee my companies, including serving as Chairman of the Supervisory Board,” Zygmunt Solorz declared.
The businessman clarified that the dispute concerning his Liechtenstein foundations centers on control of the Foundation Council, with the court appointing a temporary curator who assumed the role of Chairman of the Council.
Earlier, reports from Radio Poland, citing Polish news outlet Onet.pl, stated that a court in Liechtenstein had appointed a curator for Solorz’s foundations, effectively stripping him and his wife, Justyna Kulka, of the ability to make key decisions in Polsat Group.
The ruling, issued on October 26, was kept confidential, and the curator was granted decisive authority over the foundations managing Solorz’s assets in Poland.
The billionaire emphasized that since September, safeguards have been in place preventing him and his children from making changes to the Council’s composition or the foundations’ statutes, aimed at maintaining the status quo.
Meanwhile, the Foundation Councils, now including the curator, decided to pay him dividends and reaffirmed his status as the ultimate beneficiary, which he claimed triggered media reactions from his children and their advisors.
Zygmunt Solorz is a Polish entrepreneur, founder, and owner of Polsat Group, which operates in the media, telecommunications, and energy sectors.
According to Forbes' 2024 list of the richest people in Poland, Zygmunt Solorz has a net worth of 7.72 billion PLN (approximately 1.78 billion EUR), ranking him 7th on the list.
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Source: PAP/Onet/X/@BloombergAsia
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