Former Austrian finance minister sentenced to 8 years for corruption

Former Austrian finance minister Karl-Heinz Grasser was handed an eight-year prison term on Friday, at the end of a corruption trial regarding the privatization of 60,000 state-owned apartments. The Vienna Criminal Court found Grasser guilty of breach of trust, as he had tipped off a private investment group about the sum it would have to bid to win the real estate contract. The court also found that 9.6 million euros (11.6 million dollars) of provisions flowed from the investor to several associates of Grasser who had acted as intermediaries and consultants in the privatization process in 200…

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