Former Rijecka Banka Chief Foreign Currency Trader Sentenced to 6.5 Years in Prison
Zagreb, April 18 (CP) – The ruling in the case of the former employees of Rijecka Banka bank accused of embezzling $96.2 million has been announced with the Bank’s chief foreign currency trader Eduard Nodilo being sentenced to 6.5 years in prison and the other five accused including the Bank’s director acquitted.
Nodilo will also have to replace all the missing money and will not be allowed to working with foreign currency for five years.
Nodilo had been charged with making high-risk transactions and counterfeiting documents and the other five of assisting in closing bad deals and misuse of authority.
The scandal broke in 2002 when Nodilo ended up in custody, followed by four others and all were released after six or nine months.
The trial began in 2004 and had been dragging on due to expert findings being annulled on several occasions.
News Info: News in Business, Crime, Tagged: Nodilo, Rijecka Banka
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