MP accuses Austrian government of Madoff cover up An Austrian MP has filed a series of Parliamentary questions to make public allegations that senior banking officials and others in the Alpine Republic had actively worked with Bernie Madoff to create his global Pyramid scheme.
FPÖ in 150,000 Euro spending mystery Austria’s far-right Freedom Party (FPÖ) in Carinthia must account for over 150,000 Euros in unexplained spending, says the local court of auditors (RH).
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Vienna firm tackles Chikungunya fever
A vaccine against the dreaded Chikungunya fever, developed by Vienna-based biotech company Themis Bioscience, is now undergoing clinical testing for the first time.
Musical Museum Plan On Hold After Cash Lost By Rogue Trader
Salzburg officials still reeling from a scandal in which hundreds of millions were lost in risky financial speculation by an alleged "rogue trader" have announced plans for a much awaited "Sound of music" Museum have been put on ice until they've got the money to fund it.
Swarovski family court battle over directors removal
The possibility of a look behind the scenes in the secretive world of the Swarovski family could be offered in an upcoming court case in which one of the members of the family, Paul Swarovski, is taking legal action after he was ousted from the board.
Geremany announces 7 charged over Hypo purchase
The never-ending story of the sale of the Carinthian Hypo Alpe Adria Bank has taken a new twist with the revelation that seven of the former directors of the Bavarian bank that eventually bought it at face court action over their role.
Thai Officials Complain Over Lack of Reaction Over Corruption Claim
An Austrian company is at the centre of a corruption investigation that was a feature in the New York Times this week which included photographs of a weed-covered parking lot on the outskirts of Bangkok the contains tens of millions of euros worth of never used Austrian made firefighting equipment which is slowly decaying away.