The article describes how Idea Bank intentionally misled the Financial Supervision Authority (KNF) regarding the sale of GetBack bonds, which could have led to a larger scale scandal, as bankers deliberately prepared responses that were meant to conceal illegal activities. #GetBack #IdeaBank #KNF (translated)
The Financial Supervisory Commission was aware as early as June 2017 of the illegal sale of GetBack bonds by Idea Bank, but did not take appropriate action, which contributed to the losses of over 9,000 people who collectively lost about 3.5 billion zlotys. #GetBack #IdeaBank #KNF (translated)