Three former Hypo Group Alpe Adria (HGAA) employees have been found not guilty of embezzlement.Ex-HGAA head Wolfgang Kulturer, former HGAA Austria chief Gert Xander and Albin Ruhdorfer, a former attorney of the bank, were acquitted at the Provincial Court in Klagenfurt, Carinthia, yesterday (Tues).The businessmen were accused of embezzlement concerning two controversial lending deals.HGAA […]
A former Croatian politician and army general serving a jail term for abuse of office has managed to sell one of his high-profile properties in Vienna, it has been reported.Austrian weekly magazine profil has reported today (Mon) that a real estate agent employed by ex-Croatian Deputy Defence Minister Vladimir Zagorec has sold a villa in […]
Former Hypo Group Alpe Adria (HGAA) chief Wolfgang Kulterer is considering asking for compensation over his three-month custody.The bankers lawyer Ferdinand Lanker said today (Mon) he may ask for financial compensation for his client since he doubted the righteousness of his custody.Kulterer was arrested and put in custody in Klagenfurt in August before being released […]
Former Hypo Group Alpe Adria (HGAA) head Wolfgang Kulterer has been released from custody after three months.The banker, who is accused of being responsible for massive losses suffered by the bank in Croatia and other countries in southern Europe, left Klagenfurt prison yesterday (Thurs) after a bail of 500,000 Euros was transferred to juridical authorities.Kulterers […]
A Greek businessman is offering more than one billion Euros for ailing Hypo Group Alpe Adria (HGAA), it has emerged.Gernot Pointner, a spokesman for Vasileios Xeniadis, announced today (Fri) the investor was ready to cough up 1.35 billion Euros “immediately” if the Austrian government met him for talks.HGAA had to be nationalised last year following […]
Former Hypo Group Alpe Adria (HGAA) boss Wolfgang Kulterer has had his custody extended.Klagenfurt prosecutors announced today (Mon) they decided to extend the bankers detention over fears he might flee and try to cover up potential crimes previously carried out by him in connection with the near collapse of HGAA.Kulturer was arrested on 13 August. […]
Hypo Alpe-Adria Bank International AGs 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 […]