Austrian politician stashed 45M euro
An interesting spin-off during an investigation by Austrian and German authorities into the near-collapse of Austrian bank Hypo Group Alpe Adria. The bank was once owned by the Austrian region of Carinthia, which Austrian right wing politician Haider governed until he died in a car crash in 2008. The investigators revealed that Haider had access to Liechtenstein bank accounts associated with 12 shell companies . Incoming transfers to these accounts add up to around 45 million euro ($ 59M) The accounts currently still have 5 million euros of deposits, according to Profil magazin, that had the scoop. Around 40 million euros were lost in risky investments, or so it seems. The magazine said investigators were still trying to find out where the money had come from and where it had gone. But wait a minute; a politician banking 45 million euro in shell companies’ accounts? The allegations could further tarnish the reputation of late Mr.Haider, who achieved notoriety for his pro-Nazi declarations and consistently accused Austria’s political class of corruption.
