Tag: Marion Hohenecker

A watershed moment – Austria’s former finance minister sentenced to 8 years in prison for corruption

It was the biggest white-collar crime court case in Austria ever and perhaps also in the EU. Austria's former...

A watershed moment – Austria’s former finance minister sentenced to 8 years in prison for corruption

Austria's former finance minister Karl-Heinz Grasser along with more than a dozen alleged co-conspirators has been charged with corruption. After seven years of investigation by the public prosecutor's office, a 3-year trial with 168 trial days and 150 witnesses, Grasser was sentenced to 8 years in prison and more than €9 million in restitution payments. There was no witness who directly observed a criminal act. The court believes that the trace of the money provides the respective evidence beyond any reasonable doubt. The judgment is not final. Grasser has appealed.