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 […]
Fourteen Austrians whose online activities were supervised by international anti-child pornography investigators may face charges despite not having downloaded any banned material.Peoples Party (ÖVP) Justice Minister Claudia Bandion-Ortner said today (Fri) she assigned a team of experts to find out whether the men could be charged after Austrian Crime Office (BK) officials explained there were […]
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 […]
Salzburg crane and hydraulic systems producer Palfinger has taken a major stake in Dutch company Ned-Deck Marine B.V. (NDM), it has emerged.Palfinger chief Herbert Ortner said today (Fri) he was convinced the acquisition of 75 per cent of NDMs shares will improve his firms service capacities.”NDMs turnover remained stable year on year in 2009 despite […]