The court ruled three of the men must pay back 62 million kroner for having transferred sums in the tens of millions in several illegal transfers.
The woman whose account was targeted is Randi Nilsen, the 65-year-old widow of Norwegian real estate developer Walter Nilsen. He built his firm Block Watne into one of Norway’s first post-oil-boom business successes in the 1990s.
One of the accused worked for the bank and gave power of attorney to another of the five who proceeded to move over 89 million into accounts in the United Arab Emirates.
The bank succeeded in reclaiming just 27 million of the stolen funds, and the remainder formed the basis of the court’s repayment order.
Randi Nilsen is one of Norway’s wealthiest women with a fortune estimated to be 400 million kroner. Her son told newspaper Dagens Næringsliv that the attack on his mother’s account was coincidental but otherwise would not comment on the case.