Prosecution of collapsed Czech IPB bank halted

In related news: the state attorney in charge of the case of six top executives of the collapsed Czech IPB bank who, according to the police, tried to dispose of four bad loans worth 9 billion crowns, has halted their prosecution as their actions do not qualify as a criminal offence. According to the police, the six accused managers tried to rid the bank of four bad loans in 1998 and 1999. Police believe that the managers lent nine billion crowns to other companies but the money never returned to the bank. Police had proposed to charge the IPB executives with mismanagement of other persons' property and insider dealing. They all faced up to eight years in prison.