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MeDirect investors warn new Czech owners over alleged €2 million pledge

By Ivan Camilleri

A group of 31 Maltese MeDirect Bank investors has filed a judicial letter against the bank’s new Czech owners, alleging they reneged on commitments made during the acquisition of the Maltese bank and warned that they will be seeking damages linked to an alleged €2 million compensation package. The judicial letter, filed before the First … Continued