Former Komercni banka managers under investigation for fraud

Five former managers of one of the Czech Republic's biggest banks, Komercni banka, are being investigated for fraud, police said on Friday. The five are accused of helping Austrian businessman Baraka Alona defraud the bank of over a billion crowns between 1996 and 2000. Nine former members of Komercni banka's board of directors have been under investigation for fraud of eight billion crowns, also involving Mr Alona, since May 2001.