The question of what happened to the EUR 512 mln which went 'missing' under former Immofinanz/Immoeast CEO Karl Petrikovics has been resolved, the new management of the Vienna-based concern has announced. 'Most of the money was evidently used to purchase shares, and some to purchase investments within Constantia Privatbank. Losses were incurred there due to falling share prices. However, the executive board considers the bond to be a solid investment as it is guaranteed by Constantia Packaging BV.'
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