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Austrian Top Banker to Appear in „Offshore-Leaks“

Published: May 23, 2013; 13:06 · (Vindobona)

For the first time, a European top banker appears in the “Offshore-Leaks” database. CEO of Raiffeisen Bank International (RBI) Herbert Stepic is coming under massive pressure.

Austrian Top Banker to Appear in „Offshore-Leaks“ / Picture: © Flickr / St. Petersburg International Economic Forum

Because of businesses in tax havens, CEO of RBI Stepic is coming under pressure. He is alleged to have acquired apartments via complex company constructs. Stepic’s name appears in conjunction with two offshore companies in the so-called “Offshore-Leaks” data, according to “Süddeutsche Zeitung and Austrian magazine “News”.

RBI explained to Reuters that the CEO was…

This article includes a total of 437 words.

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