 In 2019 Meinl resigned as the Chair of the Supervisory Board of Meinl Bank after it was banned from banking by Austrian banking regulators for facilitating and participating in the theft of hundreds of millions of euros from Eastern European banks.In 2008, an investigation was commenced in Austria into the collapse in value of shares in Meinl European Land Limited.The same year, a parallel investigation was commenced in Jersey, in the Channel Islands, Meinl European Land being a Jersey company.