Liechtenstein Police Hunt for Killer in Reported Investment Feud
By Jan-Henrik Foerster and Paul Verschuur
Apr 7, 2014 8:34 AM ET
Liechtenstein police are hunting a man Swiss radio reported is suspected of murdering the chief executive officer of Bank Frick & Co.
A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement.
The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details.
Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said.
Liechtenstein, a country of 36,800 people wedged between Switzerland and Austria, hasn’t seen a homicide since 2011, when three people lost their lives to crime, police said in their annual report. Bank Frick is one of 17 lenders in the Alpine country, according to the Liechtenstein Banking Association.
The escape vehicle was later found in the village of Ruggell, 25 kilometers (16 miles) north of Balzers, police said.
“The area is being searched by police with dogs and helicopters,” the 120-member police force said. Zurich police are helping to document the crime scene, spokesman Mario Cortesi said.
Hermann has been “publicly hostile” to the country’s Financial Market Authority and some of its employees, forcing it to take security measures in consultation with the police, FMA spokesman Beat Krieger said in an e-mail today.
http://www.bloomberg.com/news/2014-04-07/liechtenstein-police-says-48-year-old-man-killed-in-bank-garage.html?alcmpid=breakingnews
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