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Austrian bailout subsidies abused by Minister of Finance: zero tolerance will be severely punished

People, many wearing a protective masks walk in a street in Vienna, Austria, Saturday, May 2, 2020 after certain shops and businesses were allowed to reopen. The Austrian government has moved to restrict freedom of movement for people, in an effort to slow the onset of the COVID-19 coronavirus. (AP Photo/Ronald Zak)

Austria has launched a subsidy program earlier to bail out companies affected by the new crown epidemic, but some companies have secretly abused subsidies. At present, the Austrian Ministry of Finance has detected hundreds of illegal acts and emphasized that severe punishment will be imposed. 5 years in prison.

According to a Reuters report, the Austrian government implemented a system of short working hours to prevent large-scale layoffs when the work was greatly reduced due to the impact of the epidemic. Relief funds (approximately HK $ 83.85 billion). However, while some companies accept subsidies, they also allow the workload of short-time employees to go beyond the scope.

The Austrian government has decided to send 350 financial policemen under the Ministry of Finance to conduct a three-week spot check on subsidized enterprises to assess their status. So far, 1,946 companies and 5,119 people have been reviewed and 460 violations have been found. Finance Minister Brummel said, “For those who want to pay at the expense of taxpayers to get rich, adopt a zero-tolerance attitude.”

According to Austrian law, people convicted of abuse of subsidies will face up to five years in prison, in addition There are also charges of forging documents and fraud.

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