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Vienna court sends BAWAG bankers to prison


    VIENNA (Reuters) - A Vienna court on Friday sentenced nine men to prison for their roles in causing losses at Austrian bank BAWAG P.S.K. of as much as 1.7 billion euros (1.3 billion pounds) by making risky investments.

    Helmut Elsner, BAWAG's former chief executive, was foundguilty of breach of trust, fraud and false accounting and wassentenced to nine and a half years in prison by judge ClaudiaBandion-Ortner and her three co-judges.

    Fund manager Wolfgang Floettl, who had made the investmentsthat went awry, was sentenced to two and a half years inprison, with 20 months of his sentence suspended.

    (Reporting by Boris Groendahl; Editing by Erica Billingham)