Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Smell Stop

Cosmo&Nanu

Austrian investors who cooperated with Telekom Austria (TA) are facing fraud investigations.

Prosecutors examine TA's Serbian adventure

Austrian investors who cooperated with Telekom Austria (TA) are facing fraud investigations.

Magazine profil reported in its online edition yesterday (Thurs) that anti-corruption investigators started examining the actions of billionaire Martin Schlaff and former People’s Party (ÖVP) chief Josef Taus, one of Austria’s busiest investors. TA benefited from Schlaff’s engagements in Bulgaria where the Austrian telecommunication and mobile services firm bought two companies.

The recently started investigations of the Austrian anti-corruption prosecution have to do with deals in Serbia, according to business papers. TA tried to snatch up a Serbian mobile communications company in 2005 following investments by a group of businessmen including Schlaff and Taus. The Viennese firm’s attempt eventually failed as its target was taken over by a Norwegian enterprise in the end.

Reports have it that the involved entrepreneurs must brace for fraud, bribery and embezzlement investigations. Few details have emerged but a spokesman for Schlaff branded the accusations as "utterly baseless". He said that Schlaff provided officials with all documents about the investments in Serbia. Neither Taus nor TA commented on the news.

The Republic of Austria holds a share of 28.4 per cent in TA which is quoted on the Vienna Stock Exchange (WBAG). ÖVP Finance Minister Maria Fekter will be confronted with questions by the opposition regarding controversial occurrences around the firm in the past years when parliament gathers on Tuesday. The Freedom Party (FPÖ) cooperated with the Alliance for the Future of Austria (BZÖ) and the Green Party in creating a majority to enforce an extraordinary gathering of the federal parliament.

The three opposition factions joined forces in the past weeks to avoid a premature ending of the anti-corruption commission. The parliamentary panel started examining allegedly corrupt decisions by former TA bosses in January. Several high-ranking ÖVP officials – including party head Michael Spindelegger – publicly backed an end of investigations before summer in favour of full support for prosecutors’ examinations. Barbara Prammer of the SPÖ, who heads the parliament, rejected the suggestions. Social Democrat Hannes Jarolim welcomed the decision. He said the anti-corruption committee might manage to hand in its final report in December.

Alleged illegal financing of parties and illicit transactions to lobbyists by TA chiefs are just two of a wide range of topics the committee plans to investigate. The panel also wants to clarify whether laws were broken when federal property management company ÖIAG was privatised in 2004. Lobbyists with strong ties to Karl-Heinz Grasser, who was Austrian finance minister at that time, received a bonus of nearly 10 million Euros from the succeeding consortium.

Polls show that the various speculations significantly harmed the reputation of the established parties. While some observers think that new movements like the Austrian Pirate Party (PPÖ) could succeed in next year’s election, others – including former ÖVP boss Erhard Busek – fear that the right-wing FPÖ will be the only benefiter. Greens chairwoman Eva Glawischnig said she was not afraid of up and coming groups of keyboard warriors like the PPÖ. Glawischnig told the Salzburger Nachrichten she appreciated "everything which creates a stir" in Austrian politics. Glawischnig revealed that her party was in touch with some of the recently emerged movements.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!



Related articles: political scandals

  1. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  2. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

  3. Graz coalition collapses

    » General News 2012-05-31

    Peopleís Party (÷VP) Graz Mayor Siegfried Nagl has ended his factionís partnership with the Greens.

more related articles tagged "political scandals"

Related articles: EU

  1. Best of the bookshelf in May, part four

    » Panorama 2012-05-31

    A Harvard University professorís book on the killing of Osama Bin Laden, a collection of funny experiences on planes and many more interesting releases are out now.

  2. Drachma reintroduction 'would mean social explosion'

    » General News 2012-05-31

    A renowned economist has warned from reintroducing the drachma in Greece.

  3. EC warns debt-ridden Austria

    » General News 2012-05-31

    Austria has been criticised for its high public debts.

more related articles tagged "EU"

Related articles: CEE news

  1. AUA under pressure as pilots quit

    » Business 2012-05-30

    The number of pilots and stewardesses leaving Austrian Airlines (AUA) because of the upcoming pay cuts is on the rise.

  2. Pay cuts scare off AUA pilots

    » Business 2012-05-29

    Dozens of pilots have left Austrian Airlines (AUA) in the past weeks, according to the loss-making carrierís works committee.

  3. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

more related articles tagged "CEE news"

Related articles: business scandals

  1. AUA under pressure as pilots quit

    » Business 2012-05-30

    The number of pilots and stewardesses leaving Austrian Airlines (AUA) because of the upcoming pay cuts is on the rise.

  2. Pay cuts scare off AUA pilots

    » Business 2012-05-29

    Dozens of pilots have left Austrian Airlines (AUA) in the past weeks, according to the loss-making carrierís works committee.

  3. Coalition accelerates anti-corruption ambitions

    » General News 2012-05-24

    The government is intensifying its attempts to pass a transparency package in parliament.

more related articles tagged "business scandals"


Tag cloud:
investigations  prosecution  Serbian  Taus  rsquo  ndash  investors  benefited  corruption  movements  investments  lobbyists  mobile  Schlaff  Ouml  Austrian  Glawischnig  business  parliament  telecommunication


Latest News

 

Austria Accused Of Ignoring Giant Nazi Swastika
A huge swastika that has scarred the walls of an Austrian castle for the past 80 years is still on view despite breaching strict postwar rules banning all Nazi symbols.

Jetflyers Take The Jet Ski Onto The Road
An Austrian company is making waves after they came up with the idea of taking a jet ski Ė and fitting it with wheels.

Nuns invite young women to get a taste of Abbey life
In a bid to revive their Austrian abbey that doubles up as a health resort, a group of nuns are inviting young women to come and stay with them to get a taste of nun life.

Austrian women earning over fifth less than men
Austrian women are earning on average 23.4 percent less than men in the country, according to Statistik Austria.

Exploring photography and art through 1960s cult film Blow-Up
Vienna's Albertina is putting on an photography exhibition featuring stills from the cult sixties photography film Blow-Up by Michelangelo Antonioni.

Turtle flies from Vienna to India to try his luck with the ladies
An endangered turtle from Schoenbrunn Zoo is taking a trip across the world to try his luck out with two female turtles in India.

What is on at Haydn Kino this week? (17 April - 23 April)
The following films are on at the English language cinema Haydn Kino on Mariahilfestrasse between 10 April and 16 April:

Two teenage girls go missing as they fly from Austria to fight in Syria
Two teenager girls who say they have left Austria to fight in Syria have trigged an international search operation from the Austrian police. The two - a 15-year-old and a 16-year-old - left identical letters behind telling their families goodbye and that "we will meet in in Paradise". The letters told of their plans to go to Syria to "fight for Islam". The parents of the girls reported that their children had gone missing last week and since then the police tracked them to Turkish city of Adana, where they had flown to from Austria - after that the police lost track of the girls. Adana is 75 miles northwest of Aleppo, a city that became a major battleground during the civil war taking place in Syria. Police spokesman Thomas Keiblinger say that the police are taking the farewell letters "very seriously" and are now conducting an international search for two teenage girls who left farewell letters announcing plans to "fight for Islam" in Syria. Both girls come from families who immigrated from Bosnia but have not been fully identified by Austrian police.

Ricky Martin to perform at Life Ball 2014
In a celebrating of joys of life, sensuousness and a tribute to handsomeness, the Life Ball 2014 has announced that the Latino star Ricky Martin, chosen many times over as Sexiest Man Alive, will perform at the event.

Pony And Trapped After Too Much Fresh Grass
A roly-poly pony lost its balance on an Alpine slope due to its calorie-overloaded body.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers