Elsner Provides Help in Finding Missing Bawag Funds

People ♦ Published: September 24, 2010; 10:34 ♦ (Vindobona)

Former BAWAG CEO wants to clarify the fate of 1.7 billion euro of failed investments allegedly made by the speculator Wolfgang Flöttl to the detriment of BAWAG.

Elsner Provides Help in Finding Missing Bawag Funds / Picture: © BAWAG

Although the state prosecutor had previously raised no objection, the application for an electronic ankle bracelet for Ex-BAWAG CEO Helmut Elsner, who has been in custody for more than three years, was rejected by the judge on Tuesday.

Elsner now wants to clarify the fate of 1.7 billion euro which are said to have been mucked up by the speculator Wolfgang Flöttl to the detriment…