Wolfgang Kulterer, the former head of Hypo Alpe-Adria-Bank International AG, was sentenced to two-and- a-half years in prison by an Austrian court after he was found guilty of approving bad loans before the lender’s near-collapse.
Josef Martinz, a former ally of the late Austrian politician Joerg Haider, told an Austrian court today that he and Haider agreed to divvy up kickbacks linked to the sale of Hypo Alpe-Adria-Bank International AG in 2007.
Austria stepped up a legal battle with Bavaria yesterday, demanding Germany’s richest state pay a bigger share of losses at Hypo Alpe-Adria-Bank International AG, a bank the two governments jointly rescued three years ago.
An Austrian regional court convicted former allies of the late Austrian politician Joerg Haider in a trail over kickbacks linked to the sale of Hypo Alpe-Adria-Bank International AG in 2007, Austria Press Agency reported, citing Judge Manfred Herrnhofer.
Austria and Bavaria are stepping up a legal battle over who will foot the bill for billions of euros of losses at Hypo Alpe-Adria-Bank International AG, three years after the two made a deal to avert its collapse.
The European debt crisis has given way to a new wave of corruption as some of the most hard-hit countries in the turmoil have tumbled in an annual graft ranking, watchdog group Transparency International said.
Frank Stronach, the 80-year-old Austrian billionaire who made his fortune selling car parts and running horse-racing tracks, today began a political campaign to rule the Alpine Republic when citizens vote next year.
Joerg Haider , the Austrian anti- immigrant nationalist leader killed in a 2008 car wreck, may accomplish posthumously what he didn’t do in life: revamp the nation’s politics by revealing its broken party financing.
Wolfgang Kulterer, a former head of Hypo Alpe-Adria-Bank International AG, was found guilty by an Austrian court of misusing funds by lending investors the money to buy preference shares in a unit of the bank.