A banker found guilty of accounting fraud and embezzlement in a controversial trial plans to sue the state, it has emerged. Jürgen Stephan Mertens, a lawyer representing Helmut Elsner, announced today (Thurs) his client planned to take the Republic of Austria to court over his bad health. Elsner was released due to his fragile condition […]
A banker found guilty of one of the biggest investment belly flops in the history of the country will walk free due to his fragile health, it has emerged. Judges in Vienna announced yesterday afternoon (Thurs) that Helmut Elsner was too sick to serve the remainder of his 10-year term. The 76-year-old spent the past […]
Another prominent businessman has had his appeal to be freed with an electronic ankle tag rejected.Former BAWAG bank CEO Helmut Elsners lawyers hoped to get their client out from preventive detention in Vienna following a new law which came into effect at the beginning of this month. They previously filed 15 official appeals to let […]