Court Acquits Non-Bank Financial Institution Chief and Bankruptcy Trustee in 21 Million Euro Fraud Case

A Slovak court has acquitted the head of a non-banking financial institution and a bankruptcy trustee in a major fraud case that resulted in losses of 21 million euros affecting over 5,400 people. The ruling represents the fifth consecutive court decision in what appears to be an ongoing series of related legal proceedings. The case involved significant financial losses for thousands of Slovak citizens who had dealings with the non-banking financial institution, though the court found insufficient evidence to convict the two key defendants of criminal wrongdoing.