Georg Freimueller
American and Austrian Prosecutors are Investigating Former CEO Julius Meinl of Meinl Bank Regarding 150 Million Euros Losses
The Public Prosecutor’s Office for Economic Affairs and Corruption (WKStA) has launched a wide-ranging investigation into the bankruptcy of the former Meinl Bank. The corruption prosecutor’s office is targeting twelve former executives of the bank, including the former chairman of the supervisory board and “de facto decision-maker” Julius Lindbergh Meinl V, as well as the bank’s former CEO, Peter Weinzierl. The accused face charges of breach of trust, embezzlement, and fraudulent bankruptcy. According to official estimates, the total alleged damages amount to approximately 150 million euros.
4 hours ago
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