Deeming the bail amount of 100 million-euro excessive for the fraud allegations on Julius Meinl, 90% of the same will be returned to him after four years of his arrest.

He was arrested in April 2009 after he was alleged of fraud and misuse of funds related to share purchases in Meinl Bank Affiliate Meinl European Land. He rejected the allegations and was released after two days from jail on bail.

He had to pay 100 million-euro as the bail amount at that time. Prosecutors are still carrying out the investigation into the case while he hasn't been charged with a crime as of now. Court in Vienna has now ruled out that 10 million Euros was sufficient for bail.

Court said that the 10% of amount collected for bail in 2009 was good enough to ensure that Meinl doesn't flee and has ordered to refund the 90% of the amount back to him now. Meinl is chairman of Meinl Bank AG and a descendent of a coffee roasting Vienna family.

"The European Court of Human Rights has in a different case ruled that 3 million-euro bail was pushing the limits. An amount that exceeds this is too high at any rate", said Reinhard Hinger, a spokesman for the court.