Grasser Debt: €34 Million Claim Against Ex-Minister

by Archynetys Economy Desk

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Former Austrian finance Minister Grasser Faces mounting Debt and Tax Evasion Investigation

Grasser has been in custody in Innsbruck since the begining of June © APA/Hans Klaus Techt

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(Akt. 3.09.2025 08:50)

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Former Finance Minister Karl-Heinz Grasser (FPÖ, then ÖVP) sits on a mountain of debt of EUR 34 million. He owes 8.5 million euros too the tax authorities alone. In addition, as reported on Tuesday, there are still tax debts for the commission in privatization of the Buwog and payments to the state. With this he has to agree on a debt rate, the ex-minister offered a quota of three percent in his private bankruptcy.

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Illegal Buwog commission is taxable

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Private bankruptcy via Grasser was opened at the beginning of May of this year. An examination statute scheduled for August at the Kitzbühel district court was canceled again. The insolvency administrator had to carry out further exams, it was said at the time.

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Grasser was finance minister of the republic from 2000 to 2007, and numerous privatizations fell into his term and also the purchase of the controversial Eurofighter. After years of investigations by the judiciary, numerous objections by Grasser’s lawyers and many years of legal proceedings, Grasser was sentenced to four years in prison on March 25, 2025. On June 2, Grasser then arrived at the innsbruck prison – to ensure media vertebrae. In mid -July he was spotted at a lunch with his wife in a bar on Lake Wörthersee. The freedom was legally covered, the decision was the case with the head of the institution, emphasized the Ministry of Justice at the time. Grasser himself claimed his innocence after the final conviction.

Source: VOL.at


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