Austrian ex-finance minister jailed for graft ...Qatar

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Austrian ex-finance minister jailed for graft
A Vienna court has sentenced a flamboyant, jet-setting former Austrian finance minister to eight years in prison in the country’s biggest corruption trial since World War II. Karl-Heinz Grasser (pictured) was found guilty of abuse of power and involvement in kickbacks totalling €9.6mn ($11.7mn) over the sale of state-owned apartments. During the trial, a co-defendant – who was also best man at Grasser’s wedding – admitted passing on insider information enabling a consortium to buy 60,000 government-owned flats for €961mn, €1mn more than a rival bidder. Just three years later, the consortium valued the apartments at about double the price. Grasser, who as finance minister had decided to sell

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