Hypo: New Charges against Former CEO Kulterer

People ♦ Published: August 12, 2011; 20:14 ♦ (Vindobona)

The Carinthian bank’s former CEO and three other persons are accused of having caused a damage of € 5.5m.

Hypo: New Charges against Former CEO Kulterer / Picture: © Wikipedia / JJ55 (30 March 2008)

The state prosecutor’s office Klagenfurt has presented new charges against Wolfgang Kulterer, the former head of the nationalized bank Hypo Alpe Adria. Kulterer, ex-board member Günter Striedinger, the bank’s former tax counselor Hermann Gabriel and lawyer Gerhard Kucher are accused of embezzlement. They have allegedly caused the bank a damage of € 5.5m, according to a press…

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