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


Events for October
M T W T F S S
29 30 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 31 1 2
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

New probe in Alpe Adria bank scandal

Prosecutors in Carinthia have confirmed a new investigation around the Hypo Group Alpe Adria (HGAA) bank against 12 people. None of those under investigation were named.

BZÖ-Deputy party leader Stefan Petzner had already indicated that there were new investigations around the end of October and now this has been confirmed by prosecutors.

Spokeswoman Gabriele Lutschounig said that no further information would yet be revealed because the investigations were still ongoing.

Petzner said that shortly before the Hypo was taken over by 100 percent by the Austrian government there was corruption on the part of various people including bankers and local politicians. At the time the government said it was necessary for the bank to be nationalised to prevent its collapse.

Hypo Group Alpe Adria (HGAA) is an Austrian banking group with numerous cross-border activities in 12  countries of the Alps-Adriatic region. Its network of branches and offices extends from Austria through Italy and Liechtenstein, from Slovenia through Croatia, Bosnia-Herzegovina, Serbia, Montenegro, Hungary and Germany on to Brussels.

In May 2007 the BayernLB bought 50% plus one share (controlling stake) of HGAA for 1.63 billion Euros. On 14 December 2009, BayernLB, Kärntner Landesholding and Grazer Wechselseitige Versicherung sold their stakes in the bank to Austrian government for one Euro each.

Austrian Times


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


Cosmo and Nanu
ORF Watch

Tag cloud:
Austrian  Adria  Euros  government  Prosecutors  investigation  Montenegro  offices  bank  Bosnia  stake  Croatia  Hypo  Serbia  Herzegovina  HGAA  sold  Alpe  BayernLB  Petzner

Latest News

 

Halloween At The Zoo
Pumpkin pie might be the order of the day for people this Halloween but now zoo animals are also getting in on the act.

Baby Naked Mole Rats Born In Vienna
With their pink hairless bodies and fangs for front teeth, these baby naked mole rats were never going to win any cuteness contests at Schonbrunn Zoo in the Austrian capital Vienna.

Jihad Girls Gunpoint Retraction Of Desire To Go Home
Austrian anti-terrorism police believe that an interview given to a French magazine allegedly with one of the two teenage girls who fled to Syria to join in the jihad was probably carried out at gunpoint.

Get Shorty As Confused Bald Ibis Gets Lost Again
A rare bald Ibis that seems to have a different sense of direction to her fellow birds has once again had to be rescued after getting stuck trying to find a different route to the southern Italian feeding ground.

Alpine Trains Venture Into Space As The Final Frontier
Austria’s national railway line the OeBB has raised eyebrows after offering themed toilets including one that is supposed to "look and smell like outer space".

MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.

Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.

Mega-Station Opens
There was a festival atmosphere as Bundespresident Heinz Fischer opened Vienna's new Hauptbahnhof Friday morning.

Apple Truck Causes Traffic Jam
When 24 tonnes of apples are catapulted across a road it can only mean a jam.

Farmer Cleared Over Wolf Shooting
Furious animal rights campaigners have accused an Austrian farmer of lying after he shot dead a wolf that he claimed he thought was a fox.

 


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