Goldbet: Austrian authorities return seized funds

This story was published more than 12 years ago.

A two-year investigation into Austrian online betting firm, Goldbet Sportwetten GmbH , has come to an end with the company being cleared of all charges by the Innsbruck Public Prosecutor .

Goldbet's troubles started in October 2010 when Italian authority’s identifed in the region of 500 Goldbet betting points operating without local permission, and further suspected that 50 of those had links to a criminal organisation that may have used the betting shops to launder illegal funds.

Goldbet's Austrian licensing authority, the Innsbruck Prosecutor who confiscated €18 million based on the Italian authorities' ongoing investigation, has now returned the funds based on the outcome which found that Goldbet had had no involvement and that the criminal infiltrations were within the betting points network rather than within the company itself, reported Bookmakers Review.

Source: InfoPowa News