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Hypo Group Reigned by Greed and Criminal Activities

People ♦ Published: October 21, 2013; 12:03 ♦ (Vindobona)

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In an interview with Austrian daily “Standard“ forensic expert of nationlized Hypo Group Christian Böhler revealed that former managers of the bank enriched themselves personally.

Hypo Group Reigned by Greed and Criminal Activities / Picture: © Wikipedia / JJ55 (30 March 2008)

According to Böhler, investigations will continue for two to three more years. So far, the Hypo Group’s forensic department has analyzed 1,100 cases and filed around one hundred notifications. The estimated financial impact is estimated at around one billion Euros.

After the war on Balkan, Hypo Group expanded rapidly in South Eastern Europe. “There the bank has often…