Julius Baer settles Lithuanian-linked case for 105 million eur

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“(The claim) related to the alleged use of the financial system for the embezzlement of assets at a Lithuanian corporation by two of its executives – matters dating back more than ten years,” Julius Baer said in a statement.

“Julius Baer will cover approximately half of the settlement of EUR 105 million with existing provisions. The remainder will be charged against the 2022 first half-year financial results.”

($1 = 0.9564 euros)

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