Austrian public prosecutors approved the release yesterday of Julius Meinl in return for surrender of his passport and record bail of -100m because of the risk he might try to abscond.
From the Austrian Times:
Austrian public prosecutors approved the release yesterday of Julius Meinl in return for surrender of his passport and record bail of €100m because of the risk he might try to abscond.
Vienna public-prosecution office spokesman Gerhard Jarosch said today (Fri): “Julius Meinl is a British citizen, and it was feared, on the basis of previous investigations and new evidence, that he might try to flee from justice.”
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The move followed Meinl’s detention on Wednesday night after questioning by prosecutors investigating allegations of fraud at Meinl European Land (MEL), a quoted property group formerly managed by Meinl Bank, which is closely held by the Meinl family.
To read the full story, visit austriantimes.at
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