Wednesday, May 06, 2009

British Banker Released on Record High Bail of 100 Million Euros

Julius Meinl V, the head of Austria’s largest private bank, was detained over an alleged fraud and released, without charge, only after a world record bail of €100 million (£90 million) was paid.

He spent two nights in a cell after police raided his home and offices in Vienna following the collapse in value of Meinl European Land, an investment fund managed by his Meinl Bank.

Read more here.

AddThis Social Bookmark Button

1 comment:

Adam said...

I could not even imagine anyone coming up with that kind of liquid currency to post bail!