Decision in the “Property” Case in Wiener Neustadt

The third defendant was sentenced to nine months of indefinite probation for false testimony, according to Thursday’s court reports. A lawsuit was also filed for fraudulent bankruptcy, which caused a loss of 22.4 million euros, but the second and third defendants were acquitted. The trial will continue in January.

The 65-year-old prime suspect was not included in Wednesday’s verdicts and is considered unfit to stand trial. Although the case against the first defendant was dropped, the man was still a key figure for the prosecution in the original indictment. It is alleged that he sold or reduced part of his private assets and the assets of various GmbHs from 2012 onwards, thereby reducing the satisfaction of creditors and causing losses to the companies. It is said that the 65-year-old man sold flats to himself, his private circle and other companies well below their value. Unsecured loans may also have been made to shareholders or family members. The man is also said to have initiated three payments worth €900,000 without paying any significant compensation.

Founded in Vienna, the company’s non-profit status was revoked in 2014 after the corporate headquarters was changed to Vösendorf (Mödling district) in Lower Austria. The company went bankrupt in March 2021 and was ultimately shut down. Wednesday’s verdicts concerned the second and third defendants, who have consistently pleaded not guilty. The trial of the former general manager’s daughter will now continue. The 32-year-old actor is also accused of fraudulent bankruptcy. A decision could be reached on January 13. According to Wiener Neustadt District Court spokeswoman Birgit Borns, the hearing is planned to be held between 13:00 and 14:00 today.

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