Former Komercni Banka board of directors acquitted of fraud charges

A court has ruled that nine former members of the board of directors of the Komercni Banka bank are not guilty of fraud. They were accused of helping Austria's BCL Trading (owned by entrepreneur Barak Alon) defraud the bank of eight billion crowns (a little under 330 million US dollars). Komercni Banka is one of the Czech Republic's biggest banks.