Bankruptcy of Karl-Heinz Grasser causes damage of at least eleven million euros to the Republic

The ongoing personal bankruptcy proceedings of former Austrian Finance Minister Karl-Heinz Grasser continue to cast a long shadow over the Republic, revealing a staggering financial deficit. At the first hearing at the Kitzbühel District Court, it became clear that the state faces a potential loss exceeding 22 million Euros due to Grasser's insolvency.

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Grasser hat einen Zahlungsplanantrag eingebracht und bietet seinen Gläubigern eine Quote von drei Prozent

Grasser, who was not present at the hearing but sent his apologies, has submitted a payment plan proposal that offers his creditors a mere three percent of their claims. Crucially, these funds are not to be paid from Grasser's own assets but are to be financed by third parties. This arrangement would leave the Republic of Austria with a substantial claim of over 12 million Euros, primarily stemming from the infamous Buwog case, largely unaddressed.

While the total debt is estimated at 35.6 million Euros, with 23.1 million recognized and 12.5 million disputed, the recovery process has been fraught with difficulties. Efforts to access funds from Liechtenstein accounts, potentially held by Grasser, are currently stalled due to a judicial freeze. Although experts deem a future release of these funds "realistic," the Republic's significant claim from the Buwog affair complicates matters, potentially hindering the approval of any release.

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Ein möglicher Massezufluss könnte sich aus liechtensteinischen Konten ergeben

The sale of personal assets, including a watch and the liquidation of a life insurance policy, has yielded only a fraction of the owed amount. The court is also investigating whether Grasser's asset declaration was complete, as false or incomplete statements carry criminal penalties. Given his background and past income, creditors and the state have a keen interest in a thorough accounting of his assets.

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Diese Zustimmung dürfte vermutlich schwer zu erreichen sein, da die Republik Österreich mit der Forderung über 12,9 Millionen Euro aus dem Themenkomplex Buwog über einen Anspruch verfügt