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    Home > Finance > Former CEO of Orlen Swiss trading business detained in UAE, Poland says
    Finance

    Former CEO of Orlen Swiss trading business detained in UAE, Poland says

    Published by Global Banking & Finance Review®

    Posted on January 15, 2025

    1 min read

    Last updated: January 27, 2026

    Image depicting the recent detention of Samer A., former CEO of Orlen Trading Switzerland, in the UAE for financial misconduct causing $378 million losses, highlighting significant developments in global finance.
    Former Orlen CEO Samer A. detained in UAE for financial misconduct - Global Banking & Finance Review
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    Tags:ReutersTradingfinancial crisisinternational financial institution

    Quick Summary

    The former CEO of Orlen Trading Switzerland was detained in the UAE for causing $378 million losses. Poland seeks extradition.

    Orlen's Former CEO Detained in UAE for Financial Misconduct

    WARSAW (Reuters) - The former head of Orlen Trading Switzerland (OTS) was detained in the United Arab Emirates, the Polish foreign ministry said on Wednesday.

    The former CEO, referred to only as Samer A. under Polish privacy laws, has been charged with entering into contracts that resulted in $378 million losses for Orlen and its Swiss subsidiary.

    "The prosecutor's office, in close cooperation with the Ministry of Foreign Affairs, is urgently starting the procedure to extradite the suspect to Poland," the ministry said on social media platform X.

    (Reporting by Anna Wlodarczak-Semczuk and Marek Strzelecki)

    Key Takeaways

    • •Former Orlen CEO detained in UAE.
    • •Charged with causing $378 million losses.
    • •Polish authorities seek extradition.
    • •Involvement of Polish foreign ministry.
    • •Legal proceedings initiated.

    Frequently Asked Questions about Former CEO of Orlen Swiss trading business detained in UAE, Poland says

    1What is the main topic?

    The detention of Orlen's former CEO in the UAE and the financial losses incurred by Orlen.

    2Why was the former CEO detained?

    He was charged with entering into contracts that led to $378 million in losses for Orlen.

    3What actions are Polish authorities taking?

    They are working on extraditing the former CEO back to Poland for legal proceedings.

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