The Innviertler aircraft supplier will not receive any money in the damages process for a multi-million dollar fraud case against a former board member.
As early as 2019, the Ried Regional Court dismissed a lawsuit for 10 million euros, and the Supreme Court (OGH) confirmed the verdict. In December 2021, Ried again dealt with the extension of the claim to 43 million euros, which was rejected on the last day of the trial and thus 33 million euros, which were not covered by the first judgment. The judge also dismissed the remainder of the complaint, arguing that the 2019 ruling was binding. FACC had let the appeal period against the written judgment expire, reported the "OÖNachrichten" on Saturday, citing the company. It is therefore legally binding.
At the end of 2015, FACC had transferred 54 million euros 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. Proceedings at the labor court in Ried, in which the former board of directors is appearing against FACC, are still pending, the newspaper said. It is about claims under labor law as a result of his dismissal, which was unjustified from the point of view of the ex-board member.