Bank chief Jürgen Frick shot dead by ‘Robin Hood of Liechtenstein’

Police have identified the gunman as Jürgen Hermann, a well-known and allegedly disturbed fund manager in the principality

Liechtenstein police were today trying to unravel the facts behind the bizarre Mafia-style murder of a private banker who was shot dead in an underground car park by an allegedly disturbed fund manager who claimed to be the “Robin Hood” of the Alpine principality.

Jürgen Frick, 48, the chief executive of the Liechtenstein private bank Bank Frick, was gunned down by three shots in the garage of his bank near Balzers shortly after he arrived for work on Monday morning. His killer was seen fleeing the scene in a Smart car.

Police later identified the gunman as Jürgen Hermann, 58, a well-known fund manager in the principality who had been involved in a personal feud with the bank and the Liechtenstein government for more than seven years.

They said they had discovered Hermann’s abandoned car 16 miles from the scene of the crime near the river Rhine, and that he appeared to have committed suicide.

A police spokesman said clothing and documents, including a passport belonging to Hermann, were found, and that tracker dogs had subsequently traced his movements to the banks of the river. Police said initially that they assumed that Hermann had drowned himself.

“In the passport there were handwritten notes confessing to the crime, as well as parting words,” a police spokesman said. “Because of the circumstances and  the evidence, suicide has to  be assumed.”

However, there was speculation that Hermann could have faked his own suicide. Acquaintances were reported to have said that he was an accomplished diver who had practised the sport since the age of 14. Hermann was said to have once helped the US Navy to develop an underwater computer.

Jürgen Frick was shot in the garage of his bank, Bank Frick, near Balzers (EPA) Jürgen Frick was shot in the garage of his bank, Bank Frick, near Balzers (EPA)
The reports added to an already-complex web of evidence surrounding the fund manager which emerged today: there were claims that Hermann was mentally disturbed and that he suffered from a “narcissistic personality disorder”.

In an undated biography published on his website the fund manager described himself as the “Robin Hood of Liechtenstein – public enemy number one”.

Bank Frick said that Hermann had tried to blackmail the bank and held it responsible for the collapse of his funds in 2005. It said that Hermann had demanded money and threatened to blacken the bank’s name abroad with spurious claims that it acted illegally.

On his website, Hermann accuses the Liechtenstein government and the country’s Financial Market Authority of “illegally destroying” his Hermann Finance investment company, of liquidating its funds and of “depriving me of my livelihood”.

Hermann was reported to have filed lawsuits seeking the recovery of 200m Swiss francs (£135m) from the Liechtenstein government and some Sfr33m (£22m) in damages from Bank Frick. Insiders said he held the  view that he was simply too successful for the Liechtenstein banks and authorities and that they had turned on him as a result.

In a statement, Bank Frick said that it had been seeking to prosecute Hermann for blackmailing and threatening the bank through the Liechtenstein legal authorities.

News
The surrealist comedian at the Q Awards in 2010
people
News
Russell Brand arriving for the book launch in East London
peopleRussell Brand cancels his book launch debate due to concerns about the make-up of the panel
Sport
Christiano Ronaldo enjoys his opening goal
champions leagueLiverpool 0 Real Madrid 3: Ronaldo and Benzema run Reds ragged to avenge thrashing from their last visit to Anfield
Arts and Entertainment
Sir Nicholas Serota has been a feature in the Power 100 top ten since its 2002 launch
art
PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Awesome foursome: Sam Smith shows off his awards
music22-year-old confirms he is 2014’s breakout British music success
Life and Style
Six of the 76 Goats' cheese samples contained a significant amount of sheep's cheese
food + drink
Arts and Entertainment
Contestants during this summer's Celebrity Big Brother grand finale
tvBroadcaster attempts to change its image following sale to American media group
Extras
indybest
Arts and Entertainment
Sarah Dales attempts to sell British Breeze in the luxury scent task
tvReview: 'Apprentice' candidate on the verge of tears as they were ejected from the boardroom
News
Call me Superman: one of many unusual names chosen by Chinese students
newsChinese state TV offers advice for citizens picking a Western moniker
News
Wilko Johnson is currently on his farewell tour
people
Voices
New look: Zellweger at Elle's Women in Hollywood awards on Monday
voicesRenée Zellweger's real crime has been to age in an industry that prizes women's youth over humanity, says Amanda Hess
News
Let’s pretend: KidZania in Tokyo
educationKidZania lets children try their hands at being a firefighter, doctor or factory worker for the day
Life and Style
CHARGE BOOSTER: Aeroplane mode doesn't sound very exciting, but it can be a (phone) hacker's friend. Turning on the option while charging your mobile will increase the speed at which your phone battery charges
techNew book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone
Arts and Entertainment
Julianne Moore and Ellen Page are starring together in civil rights drama Freeheld
film
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Solutions Architect - Permanent - London - £70k DOE

£60000 - £70000 Per Annum Excellent benefits: Clearwater People Solutions Ltd:...

General Cover Teacher

£110 - £130 per day: Randstad Education Reading: Great opportunities for Cover...

Maths Teacher

£110 - £130 per day: Randstad Education Reading: QTS Maths Teachers needed for...

Maths Teacher

£110 - £130 per day: Randstad Education Reading: QTS Maths Teachers needed for...

Day In a Page

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker
Renée Zellweger's real crime has been to age in an industry that prizes women's youth over humanity

'Renée Zellweger's real crime was to age'

The actress's altered appearance raised eyebrows at Elle's Women in Hollywood awards on Monday
From Cinderella to The Jungle Book, Disney plans live-action remakes of animated classics

Disney plans live-action remakes of animated classics

From Cinderella to The Jungle Book, Patrick Grafton-Green wonders if they can ever recapture the old magic
Thousands of teenagers to visit battlefields of the First World War in new Government scheme

Pupils to visit First World War battlefields

A new Government scheme aims to bring the the horrors of the conflict to life over the next five years
The 10 best smartphone accessories

Make the most of your mobile: 10 best smartphone accessories

Try these add-ons for everything from secret charging to making sure you never lose your keys again
Mario Balotelli substituted at half-time against Real Madrid: Was this shirt swapping the real reason?

Liverpool v Real Madrid

Mario Balotelli substituted at half-time. Was shirt swapping the real reason?
West Indies tour of India: Hurricane set to sweep Windies into the shadows

Hurricane set to sweep Windies into the shadows

Decision to pull out of India tour leaves the WICB fighting for its existence with an off-field storm building
Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?