Global Investigations Review - The law and practice of international investigations

Exclusive: European bank keeping prosecutors in the dark

By Rahul Rose

19 January 2016

Exclusive: European bank keeping prosecutors in the dark Hypo Alpe Adria Centre Hypo Alpe Adria Centre in Klagenfurt, Austria. Credit: Heta Asset Resolution

Nationalised Austrian bank Hypo has yet to act on over 30 internal investigation reports detailing alleged fraud that has cost the company more than €200 million, according to documents seen by GIR.