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« Pfizer Joins Our Top Ten Disgorgement List | Main | Pfizer, Wyeth Pay $60 Million In Settlement »
Wednesday
Aug082012

Corruption Scandals Hit Austria

Austria is being rocked by corruption scandals that have been particularly harmful for right-leaning politicians and their parties.

Josef Martinz, Reuters said, “head of Austria's conservative People's Party (OVP) in the province of Carinthia resigned after admitting in court he took part in a kickback scheme to milk money from the sale of state bank Hypo Alpe Adria in 2007.”

A few days later, Heinz Jungwirth, the former head of Austria's Olympics Committee, was sentenced to five years in jail for embezzling more than $3.7 million from the organization.

Another Carinthian right wing politician, Uwe Scheuch, was also forced to resign as deputy governor. He's appealing his 2011 conviction on charges he sought party donations in exchange for helping a Russian investor gain Austrian citizenship.

_____________

Maria Dolores Hernandez J. is a researcher for ethiXbase.

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