CA Immo Brings an Action Against Grasser

People ♦ Published: February 7, 2012; 19:17 ♦ (Vindobona)

The former Minister of Finance, Karl-Heinz Grasser, faces a lawsuit by the Austrian real estate company. CA Immo claims € 200m.

CA Immo Brings an Action Against Grasser / Picture: ©

The former Austrian Minister of Finance, Karl-Heinz Grasser (ÖVP),  is confronted with a claim for compensation by CA Immo. In 2004, the publicly owned Buwog, a holding company for rented apartments, was privatized. Immofinanz´ bid was slightly above the bid of CA Immo.

Criminal proceedings against Grasser have been introduced in 2010. Grasser is accused for having passed on…