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#PanamaPapers: Austrian Bank Chief Resigns

Michael Grahammer

Following the Panama Papers leak, Michael Grahammer, 51, head of a Austrian regional bank has resigned.

According to VANGUARD, while announcing his resignation, the bank chief said, ”At the end of the day what made the difference in taking this step was the prejudgement through the media of Hypo Vorarlberg and of myself in recent days”.

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”I remain 100-percent convinced the bank at no time contravened laws or sanctions,” he said in a statement, adding that he will remain in office until a successor is named.


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