Grasser’s liquidator points to alleged bank balances in Liechtenstein

According to AKV, Creditreform and KSV1870, a total of 15 creditors have registered claims amounting to 35.65 million euros, of which around 23.17 million euros were recognized. This is precisely why many creditors would have liked to be able to question the debtor personally.

It is also explosive that the list of assets presented by Grasser in May 2025 turned out to be incomplete, as the AKV reports. In the course of his investigation, the insolvency administrator came across a life insurance policy that Grasser is said not to have disclosed. Their dissolution brought in around 40,000 euros.

Tricky thing

This matter is sensitive because submitting an incorrect or incomplete list of assets is a criminal offense. The court announced that it would present the list of assets to Grasser for signature at the next session, subject to the obligation to be truthful. Grasser was also obliged to disclose his financial management over the past few years. If it turns out that asset transfers are legally challengeable, repayments could follow.

The liquidator is currently looking for alleged funds from the Buwog complex, which are said to have been moved to a bank in Liechtenstein via offshore destinations. In Vaduz, the public prosecutor’s office is investigating Grasser & Co. on suspicion of money laundering. Most recently, at the request of the public prosecutor, the court extended the seizure of these accounts, in which Grasser is said to have an economic interest, until mid-February 2027. According to reports, the allegations are disputed.

The aim of the liquidator is to “examine in more detail” the existence of suspected foundations and to find out why Grasser appears as the beneficial owner of this company via a limited company that was domiciled in Belize at the time. At the end, the insolvency administrator would like to transfer any bank balances to the insolvency estate. So far there is only around 200,000 euros in the mass account.

Discharge of residual debt is massively wobbly

It is unclear whether Grasser’s payment plan offered with a cash quota of three percent has any chance. As long as all of Grasser’s assets have not been liquidated, the creditors cannot vote on the payment plan. The largest creditor is the Republic of Austria. She is demanding 12.9 million euros in damages from the Buwog criminal proceedings and 10.1 million euros in taxes.

If he does not reach an agreement with the Republic, a confiscation procedure will take place. The claim for damages from the crime is then not covered by the residual debt exemption and remains in effect for 30 years.