The Watchdog

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JANE BURGERMEISTER REPORT:’Secret bank account traced to former far right Finance Minister Grasser, kickbacks used for fraudulent Hypo share scheme’

Secret bank account traced to former far right Finance Minister Grasser, kickbacks used for fraudulent Hypo share scheme

Jane Burgermeister | May 13, 2011 at 11:55 am | Categories: Uncategorized | URL: http://wp.me/puNtl-1ee

Substantial sums of money in connection with a big real estate privatisation programme have been traced to a secret bank account in Liechtenstein which highly likely belongs to the far right Freedom Party former Finance Minister Karl-Heinz Grasser, according to the local media.

Grasser was finance minister from 2000 to 2007 and has been connected with scandals, including the 2008 collapse of Hypo Group Alpe-Adria.

Money flows on a secret bank account in Liechenstein with the number 15444 including to Hypo point to an ownership by Grasser, and appear to be the first concrete proof that Grasser took illegal kickbacks – and invested 500,000 euros of the money in a fraudulent scheme involving Hypo Alpe Adria shares with secret repurchase agreements. Read more of this post

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May 13, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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