OLG Wien reduces penalty against Hochegger in Telekom affair

The Vienna Higher Regional Court has reduced the first-instance verdict against the 76-year-old Peter Hochegger to 800,000 euros and the substitute prison sentence to eight months. The verdict is now final, reports "derstandard.at" on Tuesday afternoon.

Hochegger finally convicted in Buwog case

This reduced the initial verdict by 200,000 euros and two months. In this case, Hochegger received a two-and-a-half-year prison sentence in 2013 for breach of trust and money laundering, and he fully confessed. Ultimately, he spent five and a half months in prison. In the Buwog case concerning the sale of federal apartments under the then Finance Minister Karl-Heinz Grasser, in which Hochegger was sentenced to two years on probation and one year unconditionally, Hochegger's lawyer submitted an application for electronic monitoring on Tuesday. The ex-lobbyist has already found employment, a prerequisite for this, in a non-profit association, according to "derstandard.at". Hochegger himself is in private bankruptcy.

(APA/Red)

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