OeNB Says Money-Printer Supervisors Investigated in Probe

Oesterreichische Nationalbank, Austria’s central bank, said that the Vienna prosecutor is investigating the supervisory board at its money-printing unit Oesterreichische Banknoten- und Sicherheitsdruck GmbH in connection with its probe into the alleged payment of bribes.

The supervisory board, which is “interested in a complete cleanup of the matter and will fully cooperate with the investigation,” denied that it had been informed of the bribes, according to an e-mailed statement today.

The supervisory board is headed by Austrian central bank deputy governor Wolfgang Duchatczek and also includes governor Ewald Nowotny and fellow board member Peter Zoellner, according to the company register.

Austrian authorities are investigating the former management of the money printer on suspicion that the company paid bribes to get new business and that executives received kickbacks.

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.