OeNB Dismisses Management of Money Printing Subsidiary

Published: October 28, 2011; 19:12 · (Vindobona)

Three persons were fired for suspicion of unlawful actions. € 14m have allegedly been paid as bribe to secure a deal with Syria.

OeNB Dismisses Management of Money Printing Subsidiary / Picture: © OeNB

The Austrian National Bank (OeNB) today announced that it has dismissed both managing directors of its wholly owned subsidiary Oesterreichische Banknoten- und Sicherheitsdruck GmbH (OeBS), which is charged with printing the Republic’s bank notes.

A routine internal audit had resulted in the suspicion of “unlawful actions and withholding of information from the Supervisory…

This article includes a total of 153 words.

or Log In