VIENNA, April 5 A banker found guilty of
manipulating Telekom Austria's share price to trigger
bonuses for former managers at the company was handed a
five-year jail term on Friday, Austria's national press agency
Prosecutors said Johann Wanovits accepted hundreds of
thousands of euros in cash delivered in paper bags in exchange
for buying Telekom Austria shares to push the price up and
activate an incentive scheme worth 9 million euros ($12
million), APA said.
The ex-managers were sentenced in February to terms of
between three and three and a half years. A fourth defendant was
The judge in Vienna's top criminal court said on Friday that
Wanovits had failed to acknowledge any wrongdoing during his
trial, APA reported.
It said Wanovits planned to appeal.
($1 = 0.7780 euros)
(Reporting by Georgina Prodhan; Editing by Tom Pfeiffer)