4. May 2022
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Because of a case of fraud worth millions (fake presidential fraud), the Innviertler aircraft parts manufacturer FACC dismissed its then CEO in 2016.
It was already decided in March that the company would not receive any compensation from the former manager. A labor law procedure in which the ex-boss sued the company for what he considered to be an unjustified dismissal has now ended with a settlement.
The comparison is already legally effective, the content was not disclosed, a court spokeswoman for the regional court in Ried confirmed to the APA in an article in the “Upper Austrian News” (Wednesday edition). It is likely to have been a matter of considerable labor law claims, the newspaper suspected.
At the end of 2015, FACC had transferred EUR 54 million in a “Fake President Fraud”. In e-mails to an employee in financial accounting, scammers gave the impression that the board of directors had ordered the transfer. Only 10 million euros could still be frozen in a foreign account.
After the fraud was exposed, the chief financial officer and the head of the company were fired. FACC sued the ex-boss. However, the court came to the conclusion that the former board member had not breached his duty of care. This in turn had taken action under labor law against his dismissal.
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