Raiffeisen bank CEO resigns over property deals

  • 11 years ago
The head of Austrian bank Raiffeisen has resigned over a series of personal property deals.

Herbert Stepic denied wrongdoing in using front companies in the Caribbean and Asia to buy flats in Singapore in 2006 and 2008, but said he was stepping down to spare his bank from negative publicity .

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http://www.euronews.net/

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