Telekom Austria: Ex-Manager Applied for Leniency

CompaniesTelecoms ♦ Published: August 11, 2011; 18:06 ♦ (Vindobona)

Internal investigations also revealed dubious real estate transactions in the Austrian telecommunication group.

Telekom Austria: Ex-Manager Applied for Leniency / Picture: © Telekom Austria Group

Seven years after the alleged share price manipulation, pressure on Telekom Austria’s former top management is growing. Gernot Schieszler, ex-member of the board, has applied for leniency in the case after the group had sent a report to the prosecutor’s office at the beginning of the week. According to media reports, the company’s internal investigation also revealed dubious real…