March 01, 2016

Former Bwin execs face bribery charges

Several reports in Europe are naming both bwin founders Manfred Bodner and Norbert Teufelberger in potential forthcoming charges by prosecutors in Austria for bribery regarding a 2007 application for a sports betting license in Turkey.

According to reports both men while working for bwin are guilty of paying a €2.25 million incentive in order to bribe Turkish officials.

Bodner and Teufelberger are set to face charges imposed by Austrian law courts with regards to bribery, corruption, money laundering and breach of trust attached to national business standards.

TREND an Austrian news source is saying that charges relate to Bwin’s attempts to gain a Turkish sports betting license in 2007. The company is reported to have hired several lobbyist to help with its application.

The license in question was granted at the time but then revoked by the Turkish government and the €2.25 million payment was written off by Bwin.

Legal representatives of Bodner and Teufelberger have moved to dismiss the charges, stating that the allegations were “without merit”. Both of the execs were “fully confident” that the courts would side with them “in due course.”

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