Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.