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Old 25th Mar 2013, 14:10
  #120 (permalink)  
ian16th
 
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high spirits

What if that money is part of a legitimate business and belongs to customers and not the account holder.
I cannot speak for Cypriot law, but in the UK, when money is put into a bank account, that money is legally OWNED by the bank. Not the account holder.

As we have seen, in the case of the bank going bankrupt, the account holder is most definitely not the 1st in line for any assets.
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