Coming to terms with the soul era has occupied OMV longer

Coming to terms with the soul era has occupied OMV longer

The era of the former OMV boss Rainer Seele is being processed on several levels. The courier reports on several factual statements that were received by the Economic and Corruption Prosecutor’s Office (WKStA). In it, an initial suspicion was examined, and the project report is currently with the senior public prosecutor.

Insiders do not expect that further investigations will follow based on these vague indications – and no concrete allegations.

The internal review of the soul time from 2015 to August 2021 should be much more revealing. As reported, at the general meeting on June 3rd, at the suggestion of the chairman of the supervisory board, Mark Garrett, the actions of Seele were not approved for the year 2021.

This is an almost unique process for the board of directors of a listed domestic company, but for the time being without further consequences. The interest group for investors (IVA) had previously demanded non-discharge. Among other things, OMV commissioned the German commercial law firm Gleiss Lutz to investigate several legal transactions by Seele. The financially most serious were the long-term gas supply contracts with Russia, which also provide for payments in the event of non-sale of gas. In the meantime, the management has made two billion value adjustments for it. The sponsorship of the Zenit St. Petersburg youth team is also being investigated, not least the costly side deal that Seele had with the former head of compliance.

Florian Beckermann from the IVA wants to “give the matter time” so that these processes can be comprehensively evaluated on the basis of all internal documents. Beckermann does not want to get involved in a discussion as to whether the result could be something liable to compensation or criminal law. “We’re looking forward to the results,” says the investor representative.

Source: Nachrichten

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