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Austria arrests banker Julius Meinl - bank

Published 04/02/2009, 02:41 AM
Updated 04/02/2009, 02:56 AM

VIENNA, April 2 (Reuters) - Austrian banker Julius Meinl V., chairman of closely held Meinl Bank, was arrested late on Wednesday, the bank said, adding that this would not affect its business activities.

Meinl Bank would not comment on the reason for the arrest.

"Meinl Bank confirms that chairman Julius Meinl V. was arrested last night in connection with questioning by Vienna prosecutors," Meinl Bank said.

Austrian state prosecutors were not immediately available for comment.

Since 2007, prosecutors and financial watchdog FMA have investigated Meinl Bank and Julius Meinl's role in secret, unauthorised share buybacks at Meinl Land, but have so far not brought charges.

Meinl Land was taken over by Israeli investment firm Gazit Globe last year and was renamed Atrium European Real Estate. (Reporting by Alexandra Schwarz and Boris Groendahl, Writing by Sylvia Westall; editing by Simon Jessop)

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