• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Ex-Austrian central banker on trial for bribery

Rayden

Alfrescian (InfP)
Generous Asset

Ex-Austrian central banker on trial for bribery

Reuters
February 18, 2014, 12:37 am

VIENNA (Reuters) - Nine defendants including the ex-vice governor of Austria's central bank went on trial on Monday for allegedly bribing officials in Azerbaijan and Syria to win banknote contracts.

The nine, including Wolfgang Duchatczek, are accused of forming a criminal organisation around the bank's banknote printing subsidiary, the OeBS, and paying about 14 million euros (11 million pounds) in bribes between 2005 and 2011.

The main defendant is the former head of the OeBS, Michael Wolf. The others are ex-OeBS managers and staff and two lawyers. All plead not guilty and face up to 10 years in jail, the Austria Press Agency reported.

Duchatczek, who was also supervisory board chief of the OeBS, was suspended as deputy central bank governor and resigned in June after he was charged last year.

Prosecutor Volkert Sackmann told a Vienna court the OeBS had urgently needed new business to compensate for a loss-making contract with Singapore, and so had turned its attention to "exotic countries".

The two lawyers helped set up a mailbox company in Panama to launder the money and transfer it to Azerbaijan and Syria, he said.

The trial is scheduled to run until August 2.

(Reporting by Georgina Prodhan; Editing by Toby Chopra)


 
Top