Saturday, 25. April 2015
22. 01. 13. - 21:00
In the case of illegal share trades inside the biggest Austrian real estate concern, ex-manager Petrikovics, who claims innocence, is accused of perfidy and the creation of a criminal organisation.
Prosecution accuse Petrikovics, in conjunction with an executive colleague Norbet Gertner and the then chairman of the supervisory body Helmut Schwager, of buying Immoeast-shares following an increase of capital without the consent of the supervisory body – and to have personally profited from the move.
With the help of Ernst Hable, Petrikovics, Gertner and Schwager also allegedly faked options and cashed in under the guise of four Immoeast and Immofinanz actions. These were supposedly conceded in 2004 and 2005 but issued in practice only in 2006.
The four suspects deny the accusations and say they received authorisation from the supervisory body to make the purchases. According to prosecution, the accused "created 32 Million Euros of damages through – partly obscured by helpers – these action-purchases."
The Immofinanz case was also catalyst for the investigations linked to the Bau und Wohnen GmbH (BUWOG) privatisation in 2004.
Investigators discovered a 10-million-Euro provision was made from the successful BUWOG-bidder Immofinanz to the lobbyists Peter Hochegger and Walter Meischberger before the sale went through.
Ex Immofinanz executive Christian Thornton told prosecution the services of an intermediary had indeed been taken up during the acquisition process of BUWOG. Until the investigations no one knew that Meischberger and Hochegger, friends of ex finance minister Karl-Heinz Grasser, had received one million Euros from the winning bidder.
For the last two years, BUWOG has been investigated and traces of the million-Euro provision have been followed to Cyprus and back to an account in Liechtenstein. Suspects' houses were searched and several people were questioned in connexion with this case, yet no one was remanded in custody during the process.
If the criminal proceedings against the malversations only recently began, civil tribunals have been busy documenting the inconstancies in and around what was once the biggest real estate company in Austria for several years.
The trials against the company and external finance advisors have been on the case since the end of 2008. In May 2011, even the Immofinanz Group started civil court proceedings against the then manager.
Semmering Offers 50% Discount To Selected Heroes
The Magic Mountain Semmering will hold two Weeks of Heroes from 1st to 14th March as Panhans Holding Group says thank you to safety and well-being volunteers and professionals.
Skier Survived Almost Two Hours Buried Alive
A skier had a miracle escape after being buried under two metres of snow for nearly two hours during an avalanche in Austria, it was revealed last night.
Puppies Found Stuffed Inside Suitcase In Back Of Van
A litter of puppies destined for a dog farm was rescued after being found stuffed inside suitcases in the back of a van.
Kangaroo That Hopped It Spotted In Garden
Austrian police investigating reports of an escaped kangaroo have been given concrete proof after a local woman managed to photograph the animal in her back garden.
First Images Of Eurovision Stage
These are the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year's winner Conchita Wurst.
Russian Mafia Boss Nabbed At Vienna Railway Station
A Russian mobster wanted for a string of brutal murders was arrested in the gentile Austrian capital Vienna when commandos swooped as he went to buy a train ticket.
Teen Girls Arrested After Offering Themselves To IS Fighters
Austrian officials who recently cracked down on terrorism by arresting several people believed to be recruiting and fundraising for ISIS have revealed two more teenage girls tried to leave the country to marry terrorist fighters.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
The most popular stories –
last 7 days
|Cyclist Disfigured After Truck Door Opens|
|Six Legged Kid Dubbed Spider Goat|
|Father Dresses In Drag To Raise Money For Sick Son|
|Teacher Beats Girl As Shocked Classmates Reduced To Tears|
|Devoted Wife Pulls Blind Hubby Around With Bamboo Stick|
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.