Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleKarl-Heinz Grasser, former Austrian Finance Minister, has been sentenced to four years in prison for corruption, following a Supreme Court ruling.
VIENNA (Reuters) - Austria's top court on Tuesday sentenced former Austrian Finance Minister Karl-Heinz Grasser to four years in prison, dismissing his appeal against his 2020 conviction on corruption charges.
Austria's Supreme Court upheld allegations of corruption raised against Grasser but halved the original sentence of eight years handed down against the former political star.
In 2020, a lower court found Grasser guilty of fraud, accepting illicit gifts and falsifying evidence, in a scandal centring on the privatisation of thousands of state-owned homes. Grasser has always denied the charges.
That verdict had not been legally binding pending appeal.
Grasser, 56, who was Austria's finance minister between 2000 and 2007, was once a darling of the political right in the country, and is married to an heiress of the Swarovski family.
(Reporting by Alexandra Schwarz, writing by Dave Graham, editing by Thomas Seythal)
The main topic is the sentencing of former Austrian Finance Minister Karl-Heinz Grasser to four years in prison for corruption.
Karl-Heinz Grasser is a former Austrian Finance Minister who served from 2000 to 2007 and was recently sentenced for corruption.
Grasser was charged with fraud, accepting illicit gifts, and falsifying evidence related to the privatization of state-owned homes.
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