Court acquits 14 people accused of bank embezzlement

A court in Ústí nad Labem, northern Bohemia, acquitted on Monday 14 people who had been accused of embezzling Universal Bank in 1999. The prosecution claimed the accused committed fraud causing the bank a loss of 660 million crowns, or more than 38 million US dollars, but the court said that the activities of the accused were not criminal.

Author: Jan Richter