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


Events for September
M T W T F S S
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 5
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

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!


Cosmo and Nanu
ORF Watch

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

Latest News

 

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning Ė in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

 


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