48,000 emails were evaluated, 45 interviews were conducted with relevant people and thousands of booking lines were checked: The investigation into the accounting scandal at voestalpine has been completed. As reported, the former managing director of a German group company in the Metal Forming division is said to have had incorrect bookings amounting to around 100 million euros made starting in the 2012/13 financial year to improve earnings. In February 2024, voestalpine initiated an investigation by an auditing firm and a German law firm.
- Read here: Accounting scandal at voestalpine: 100 million euros in incorrect postings
The result is now available, as voestalpine announced. The report confirms what has been communicated so far. “All accounting consequences of the incorrect postings have been retrospectively corrected and fully taken into account in the 2023/24 financial statements, there was no outflow of funds, and the initial suspicion against those responsible has proven to be correct,” says CEO Herbert Eibensteiner.
What is new is that not only the ex-manager in question is said to be responsible for the incorrect bookings, but also a second former member of the management of the company in question is said to have been involved. There is initial suspicion of involvement in this case that goes beyond a mere signing of the balance sheets, it is said.
On Tuesday, voestalpine filed two complaints – alleging “uunreasonable presentation of essential information about certain associations” The accountant who made the incorrect entries is said to have contributed to the clarification of the matter. He will not be prosecuted.
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Image: Antonio Bayer
Source: Nachrichten
