The Polish newspapers informed today that the former President (currently the member of the Supervisory Board) of a listed company AmRest Holdings SE is suspected of using of confidential information while trading AmRest Holdings SE shares on the Warsaw Stock Exchange.
AmRest Holding SE is a leading fast food company operating KFC, Pizza Hut, Burger King and Starbucks coffee shops (based on the franchise and co-operation joint venture) in Poland, the Czech Republic, Russia, Serbia, Bulgaria, Hungary. Since 2005 AmRest Holding SE is listed on the Warsaw Stock Exchange.
In Poland, insider trading is illegal. For this offense an individual can be sentenced to five years in prison and up to 5 million PLN fine (approx. 1.250.000 euros) . However, in the case of the President of the company the liability is up to eight years in prison.