• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 26, 2025

    Featured image for article about Headlines

    VIENNA (Reuters) -An Austrian appeals court has overturned conservative former chancellor Sebastian Kurz's recent perjury conviction and the resulting eight-month suspended prison sentence, news agency APA reported on Monday.

    The ruling removes Kurz's only criminal conviction, taking away a serious obstacle to a future political comeback for the 38-year-old, although prosecutors have yet to decide whether to charge him over potential corruption-related offences in a separate investigation that forced him from office in 2021.

    The court was not immediately available for comment. Kurz denies all wrongdoing.

    "I have been confronted with accusations for years. There have been numerous court hearings - a huge amount of confrontation with these accusations. You have all witnessed how much this has been celebrated and that it has now all collapsed," he said outside the court.

    The case centred on whether Kurz was merely kept informed of deliberations on the appointment of executives for newly created state holding company OBAG when he was chancellor, or was in fact making the decisions. The appointments were formally his finance minister's responsibility.

    Kurz testified to a parliamentary commission of inquiry in 2020 that he was "involved in the sense of informed". The judge who heard the case at first instance ruled that was not true and Kurz played an active role.

    "What has come out is what I have always said, namely that I did not tell any untruths in the committee of inquiry," Kurz said.

    Kurz has left the Austrian People's Party (OVP) and quit politics but some individuals within the OVP hope he will return if there is a change of party leadership, even though polling suggests the majority of Austrians do not want him to stage a comeback.

    Kurz led his party to election victories in 2017 and 2019 by adopting a hard line on immigration similar to that of the far-right Freedom Party (FPO), which won the last parliamentary election in September.

    He now works as a consultant and tech entrepreneur and says he is happy in his new career.

    Having come second in the last election, the OVP leads the current three-party centrist coalition government headed by OVP Chancellor Christian Stocker.

    (Reporting by Francois Murphy and Alexandra Schwarz-Goerlich; Editing by Sharon Singleton)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe