Hypo Investigations Could Last Several More Years

Politics ♦ Published: November 26, 2013; 09:21 ♦ (Vindobona)

Yesterday the first court proceeding at the Regional Higher Court in Munich started. Investigations in Austria will take up to four years.

Hypo Investigations Could Last Several More Years / Picture: © Wikipedia / JJ55 (30 March 2008)

While Hypo Group Alpe Adria and former parent company BayernLB started proceedings at the Higher Regional Court in Munich for loan payments in the amount of € 4.8 (including interests) investigations against crimininal activities in Austria are continuing.

Presiding judge Geza Lutz warned the banks that court proceedings could last for several more years. For almost a year Hypo…

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