Karl-Heinz Grasser was discovered responsible on Friday of embezzlement, bribery and falsification of proof in an settlement to promote 1000’s of flats.
The Vienna courtroom introduced that Grasser was concerned in a case of greater than 9 million euros (8.1 million kilos). He denies the information and can attraction. Grasser grew to become the youngest finance minister within the nation’s historical past in 2000.
The case concerned 14 defendants going through a collection of fees, together with cash laundering, fraud and falsification of proof. The courtroom introduced that Grasser and an middleman submitted details about a suggestion throughout a plan to denationalise 60,000 flats, which allowed a rival to make a barely larger successful bid. A consortium purchased the flats for 961 million euros, and three years later they have been valued at twice that quantity.
In response to the courtroom, the successful bidders paid a proportion of the acquisition worth, 9.6 million euros, to the previous basic secretary of the Austrian Freedom Celebration Walter Meischberger and to the lobbyist Peter Hochegger. Each males additionally obtained jail sentences.
The cash was then break up into three financial institution accounts in Lichtenstein, the courtroom discovered. The decision was primarily based on lots of of witness statements, along with intercepted cellphone calls.
Decide Marion Hohenecker stated, “Those that do sincere enterprise don’t want accounts in Lichtenstein.” She added that the successful bidder’s success “was achieved by way of bribery and was attainable solely due to intentional abuse of authority” by Lichtenstein. Grasser’s lawyer described the ruling as a “flagrant misjudgment” and stated an attraction can be made to the Supreme Courtroom.