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Investor files judicial protest against APS Bank over lost investment
Widow claims that APS sold her ‘high risk’ bonds and lost her investment.
8 February 2012, 12:00am
Karl Stagno-Navarra
Karl Stagno-Navarra
1 min read
APS Bank Chairman, Professor Emanuel P. Delia addressing APS Bank AGM in 2011
Bernadette Cachia, of Fgura, filed a judicial protest in the First Hall of the Civil Court, claiming that APS Bank led her to lose a €25,000 investment after selling her high risk bonds against her wishes.
The 66 year-old widow accused the bank for encouraged her to buy Lehman Brothers bonds and others belonging to Lands Banki Islands MTNS.
In the judicial protest, Cachia claimed that she had explicity told the bank representatives that she did not want her money to be invested in high risk bonds.
She was calling on the bank to liquidate damages and to assume responsibility for its actions.
