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Former Board Member of Telekom Austria Admits Share Price Manipulation

Published: August 10, 2011; 14:39 · (Vindobona)

Pressure is growing in the affair: Three former board members are said to have been involved in market manipulation.

Former Board Member of Telekom Austria Admits Share Price Manipulation / Picture: © Telekom Austria Group

Today at noon, Telekom Austria CEO Hannes Ametsreiter announced that the company would do everything for a full investigation of the market manipulation affair. Only short time later, Austrian media reported that Rudolf Fischer, former head of the company’s fixed-line business, had admitted a participation in share price manipulation.

According to the report, at least former…

This article includes a total of 216 words.

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