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AUA: Broken Al-Jaber-Deal Has Consequences
People ♦
Published: June 9, 2011; 13:50 ♦ (Vindobona)

One former and one current board member of the airline were sentenced to penalty payments for not having provided information to the shareholders.

More than three years after the broken deal between AUA (Austrian Airlines) and Mohamed Al Jaber, one incumbent board member of the airline was sentenced to a penalty payment. The Independent Administrative Tribunal (UVS) confirmed a penalty order of the Financial Market Authority (FMA) which says that AUA-CEO Peter Malanik and his former colleague Alfred Ötsch have violated the Stock…
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