Corruption probe targets slick politician

Published on 9 September 2010 at 10:41


"Investigators want to know more," announces Der Standard. For the second time in seven days, on 8 September Karl-Heinz Grasser was questioned in connection with the sale of the constuction firm BUWOG. Grasser, who was Austria’s youngest ever finance minister when the state owned company was privatisedin a 2004 deal that was the largest of its kind to have occurred in postwar Austria, is suspected of favouritism and the abuse of official office. Questions are also being asked about the flamboyant politician’s role in the reform of Austrian gambling law and a payment of 450,000 euros he received from the gaming corporation Novomatic. Finally, it is also alleged that some of his associates benefited from the sale of the scandal ridden bank, Hypo Group Alpe Adria, to the German Bayerische Landesbank.

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