ADVERTISEMENT

Major corruption trial opens

The so-called Buwog affair centres on 9.6 million euros ($11.3 million) in alleged bribes paid out following a 2004 government sale of state properties.

Karl-Heinz Grasser was finance minister at the time -- as well as a society and tabloid darling married to a jewellery heiress -- and is accused of having known about the payments.

The money was allegedly hidden from the tax authorities by sending it to Cyprus and then to accounts in Liechtenstein, one of which was allegedly controlled by Grasser himself.

The case, which has attracted major media interest in the wealthy EU country, also involves alleged corrupt payments related to the renting of an office block in Linz.

ADVERTISEMENT

His fellow defendants, who include a businessman, a real estate agent and a lobbyist, like Grasser deny wrongdoing and say that the payments were perfectly legal commissions.

The trial is expected to last a year. The charge sheet is 825 pages long and is based on hundreds of witness statements, tapped telephone calls and bank account details.

The charges include breach of trust, bribery, taking kickbacks, falsifying evidence, money laundering and fraud. The defendants face up to 10 years in prison.

The courtroom in Vienna has been specially renovated, reportedly for 500,000 euros, with air conditioning installed and the sound system updated, ahead of the trial.

Grasser, 48, was a protege of Joerg Haider, the controversial former head of the far-right Freedom Party who died in 2008 and who was also tied to multiple corruption allegations.

ADVERTISEMENT

Grasser, who was Austria's youngest-ever finance minister when appointed in 2000, has also been accused of wrongdoing in a string of other cases.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

2 students fall and die trying to take a selfie at waterfall

2 students fall and die trying to take a selfie at waterfall

VP Shettima calls on academics to contribute to Nigeria's security, prosperity

VP Shettima calls on academics to contribute to Nigeria's security, prosperity

Elon Musk threatens to suspend Twitter accounts involved in engagement farming

Elon Musk threatens to suspend Twitter accounts involved in engagement farming

'Yahaya Bello' - Kogi parliament told to begin impeachment process of Gov Ododo

'Yahaya Bello' - Kogi parliament told to begin impeachment process of Gov Ododo

NCDC intervenes as 8 die, Sokoto's mysterious illness remains unidentified

NCDC intervenes as 8 die, Sokoto's mysterious illness remains unidentified

He helps deprived Nigerians of all faiths - Obi's aide denies religious politics

He helps deprived Nigerians of all faiths - Obi's aide denies religious politics

Otu allocates ₦100m to improve school children's nutrition, learning, health

Otu allocates ₦100m to improve school children's nutrition, learning, health

JAMB warns UTME candidates against sharing details with fraudsters

JAMB warns UTME candidates against sharing details with fraudsters

Ex-attorney general Adoke cleared of money laundering charges

Ex-attorney general Adoke cleared of money laundering charges

Pulse Sports

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

ADVERTISEMENT
ADVERTISEMENT