Kallas acquitted in $10 million case

  • 1999-03-11
  • Denise Albrighton
TALLINN - Reform Party leader and possible prime ministerial candidate Siim Kallas was acquitted March 5 on charges in connection with the loss of $10 million from the North Estonian Bank. Kallas, former president of the Bank of Estonia, and Urmas Kaju, former adviser to the Bank of Estonia, were found not guilty of abuse of power and submission of false information by the Tallinn City Court.A charge of making preparations to embezzle had been dropped two weeks earlier. Two days after his acquittal, Kallas' party won 18 seats in the country's general elections. As the head of one of three p...
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