Hypo Group: Former CEO Sentenced to Prison

Business › n.a. ♦ Published: April 9, 2014; 13:38 ♦ (Vindobona)

Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.

Former members of Hypo Group's board have been sentenced to imprisonment because of breach of trust. / Picture: © Wikipedia / JJ55 (30 March 2008)

The court proceedings with regard to the sales campaign for preference shares in 2006 against former head of Hypo and investor Tilo Berlin reached a decision in the night from Tuesday to Wednesday. Berlin was sentenced to 26 months unconditional imprisonment because of breach of trust. The verdict is not yet final.

The prosecution has accused Berlin of having contributed to…

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