Julius Meinl V

Banker Meinl released on bail in Austrian fraud case

Julius Meinl VVienna  - Austrian banker Julius Meinl V was released Friday after posting bail worth 100 million euros (133 million dollars). However, he remains a key suspect in a large investment fraud case involving his family's Meinl Bank AG.

The head of one of Austria's most established business dynasties drove away from the Vienna prison where he had spent two nights without talking to journalists, according to Austrian press agency APA.