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Demands against the Hypo Group Amount up to € 300m

Published: December 14, 2010; 16:49 · (Vindobona)

The investigation team appointed for the Hypo Group has determined property damages for over 300m. This amount is the basis for eventual claims.

Demands against the Hypo Group Amount up to € 300m / Picture: © Hypo Alpe-Adria-Bank International AG

The investigations of the “CSI Hypo" appointed by the Ministry of Finance are starting to show their first results. The charges relate to fraud, breach of trust and criminal association against the Bank. Over 70 actions, lawsuits and expert opinions have been processed. The amount of property damages resulting from the previous pending cases has now been determined: €300m might be…

This article includes a total of 238 words.

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