BayernLB: “Odd“ Sponsoring Contracts in Carinthia

Professional ServicesBanks ♦ Published: March 31, 2014; 17:59 ♦ (Vindobona)

Former managers of the German regional bank are under suspicion of having bribed then-governor of the Austrian province of Carinthia.

Former managers of BayernLB are accused of having bribed Austrian politicians with regard to Hypo Group's takeover. / Picture: ©

During the proceedings against former members of the supervisory board of BayernLB because of the fatal acquisition of the Austrian problem bank Hypo Group Alpe Adria a witness has supported the suspected cases of corruption of the German prosecution.

According to the former employee of BayernLB’s affiliate DKB, a sponsoring agreement in the amount of € 2.5m with a football…