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Management of cracked bank must pay compensation

the Management of the cracked bank Capinordic have to pay about 89 million dollars in compensation for irresponsible lending.

The Supreme court on Tuesday decided. This is the first time that the country's supreme court takes a position on a transitional justice in the wake of the many failed banks during the financial crisis.

- It is, in fact, a complete confirmation of the Eastern high court judgment, said supreme court justice Thomas Rørdam, according to the Berlingske tidende, as the verdict was read.

By the court of appeal was the leadership three years ago is doomed to the having to pay 90,5 million. At the time, it required state oprydningsselskab, Financial Stability, dkk 400 million.

The claim was subsequently set down significantly.

the Case was about, whether the chairman of the board, a member of the supervisory board and the bank manager at Capinordic Bank had incurred liability to the bank for loss of 11 specific lending exposures.

the Loans were granted in the period 2007-2009.

Capinordic was known as a bank with very wealthy clients. According to the stock Exchange, the bank had only 40 clients. Capinordic Bank went bankrupt 11. February 2010.

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