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RBI CEO under Suspicion of Prosecution against Corruption

Published: December 18, 2013; 11:42 · (Vindobona)

Karl Sevelda, CEO of Raiffeisen Bank International (RBI), is suspected of having sold company’s shares of a commodity trader below their value. The prosecution in Vienna is now searching Sevelda’s office.

RBI CEO under Suspicion of Prosecution against Corruption / Picture: © Raiffeisen Bank International AG / Press Photo

“This suspicion is completely unfounded,” RBI announced after its CEO’s office was searched by the prosecution of Vienna. The reason for the investigation is the selling of family-owned commodity trader DCM Decometal, which is suspected of having been sold below the actual value, a spokesman of the Public Prosecutor's Office against Corruption (Korruptionsstaatsanwaltschaft -…

This article includes a total of 219 words.

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