Economic Crime
Ex-waterworks-boss has several years in prison
papers call for the burst banks of the waterworks € 285.5 million. Heininger had signed the contracts behind the backs of the boards of directors. Two co-defendants were each sentenced to financial managers over three years for bribery. read
bribery, false accounting, embezzlement: A court sentenced the former head of the Leipzig Waterworks to nearly five years in prison. Klaus Heininger had secretly settled controversial financial deals. It is one of the largest financial scandals in municipalities.
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He also has completed the the threading of the illegal financial bets give bribes. The 3.7 million euros are available to the KWL. A drop in the bucket. For Hein ingers contracts, the water works can still cost up to € 285 million.
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In its ruling expected the presiding judge Karsten nickel initially starting with prosecutors Till von Borries, the process control of the court had criticized the previous day sharply (Morning Post) reported: His indictment was so flawed and incomplete was that they the court at any point in the original I can accept, "said Nickel. The prosecutor alleged that he, above all, that several parts of the contract were submitted to the contracts entered into by Heininger highly risky financial bets of the court only in English. This is a procedural bar because the court language was German and the documents would not have been evaluated, the Chairman and founded, so the main objection of the prosecution was not allowed to negotiate. why the court did not, as usual the prosecutor the opportunity to Nachermittlungen and to translate an offer from the prosecutor, the contracts into the Christmas break, was simply ignored, said nickel not. Instead, he accused the Prosecutor General, the media and the Leipzig city council, who had criticized the cross-party litigation, in unison an attack on judicial independence before.
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The Greens call for unlawful transfer of corruption prosecutor.
NÖ-Hypo: An affair that can not be stopped Vienna. If the office is investigating a bank suspected of accounting fraud, without consulting a financial experts, that's not forbidden, but "unusual", we hear from the circles of the financial market supervision. investigators were snubbed by the top prosecutor in Vienna. The FMA under investigation continued, despite the investigation stops.
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Confessions of an "economic hit"
On 9 November 2004 led by Amy Goodman "Democracy Now" radio interview with former banker and author of Confessions of an Economic Hitman (Confessions of an economic hit). So we became aware of this revealing insiders report. It follows, slightly abridged, Goodman interview with John Perkins. "I knew that this story had to be told, because what on 11 September happened was a direct consequence of what the economic hit. "- Is John Perkins read
financial locusts at work Germany becoming a field day highly speculative funds and investment companies, the companies with complicity of read more plunder buy up banks, and then move on.
more about patronage, abuse of power, corruption and party membership management in public companies . read more
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