HGAA to launch compensation claims


Ailing Hypo Group Alpe Adria (HGAA) bosses have revealed plans to demand compensation from former bosses and political decision-makers.HGAA chief Gottwald Kranebitter announced today (Fri) the bank would launch legal action against ex-chiefs “in the coming weeks”. Kranebitter explained that it would focus on “those who caused damage to the bank”.The HGAA head declined to […]

Ex Hypo boss arrested – 10 years jail possible


Hypo Alpe-Adria Bank International AG¬ís former Chief Executive Officer Wolfgang Kulterer was arrested today (Fri) in Klagenfurt, Austria.According to Austrian newspaper “Kurier”, Kulterer could face up to ten years in jail.Kulterer is being investigated for breach of trust and giving false testimony to an enquiry commission in the Province of Carinthia, Helmut Jamnig, a spokesman […]