Which authority is recorded against Meinl Bank AG · Meinl European Land?

The entry is recorded against Vienna public prosecutor · FMA, in the Austria jurisdiction, under the theme Certificate marketing · investor disclosure.

What is the current status of this entry?

Status: Investigation closed against principal. Last recorded change: 1 November 2021. The matter arose or was first recorded on 1 August 2007.

How was this matter brought to light?

Investor complaints. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for AT-2009-02 be checked?

The entry links to Background record — Meinl Bank.

AT-2009-02 · Austria · 2009

Meinl European Land: certificate buy-backs and the Vienna investigation

Vienna prosecutors examined the marketing and buy-back of investment certificates sold to retail investors. The investigation against the bank's chairman was discontinued.

Vienna banking district, illustrating the Meinl certificate investigation — Illustrative image · Meinl Bank AG · Meinl European Land

Institution: Meinl Bank AG · Meinl European Land
Authority: Vienna public prosecutor · FMA
Status: Investigation closed against principal
Theme: Certificate marketing · investor disclosure
Raised by: Investor complaints
Jurisdiction: Austria
Matter arose: 1 August 2007
Last recorded: 1 November 2021

What the sources record

Retail investors held certificates whose price fell sharply in 2007 after disclosure of a large buy-back programme.

The Vienna prosecutor's office pursued a long-running investigation into the disclosures made at the time of issue.

The Austrian supervisor later withdrew the bank's licence on unrelated anti-money-laundering grounds.

Timeline

2007-08-01
Certificate price falls after buy-back disclosure.
2021-11-01
Bank licence withdrawn by the Austrian supervisor.

Individuals named in this case

Austria

Court record

Julius Meinl V

Former chairman, Meinl Bank AG

Base · Vienna

Investigated by Vienna prosecutors over the marketing of Meinl European Land certificates; proceedings against him were discontinued

Austrian prosecutors examined the placement and buy-back of investment certificates. The investigation against him closed without charge; he denied wrongdoing throughout.

Portrait tile — no licensed photograph held

Record →Case record →Source →

All individuals in the register →

Primary sources

Background record — Meinl Bank

Questions and answers on this entry

What does register entry AT-2009-02 record?: Meinl European Land: certificate buy-backs and the Vienna investigation. Vienna prosecutors examined the marketing and buy-back of investment certificates sold to retail investors. The investigation against the bank's chairman was discontinued.
Which authority is recorded against Meinl Bank AG · Meinl European Land?: The entry is recorded against Vienna public prosecutor · FMA, in the Austria jurisdiction, under the theme Certificate marketing · investor disclosure.
What is the current status of this entry?: Status: Investigation closed against principal. Last recorded change: 1 November 2021. The matter arose or was first recorded on 1 August 2007.
How was this matter brought to light?: Investor complaints. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for AT-2009-02 be checked?: The entry links to Background record — Meinl Bank.

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