Central Banking

Austria's Nowotny under scrutiny in banknote bribery case

national-bank-austria

The Vienna Public Prosecutor on Monday included top National Bank of Austria officials, including governor Ewald Nowotny, in the inquiry into whether bribes were paid to foreign officials by employees of the Austrian banknote printers, Oesterreichische Banknoten-und Sicherheitsdruck (OeBS).

At the end of last month, following a routine internal audit of OeBS that took months, suspicions of "unlawful actions" at the banknote printing subsidiary, which is 100% owned by the central bank, were raise

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