Austrian court: ex-Croatian general guilty of embezzlement

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An Austrian court has found a former Croatian general guilty of embezzling millions of euros and sentenced him and an associate to two years in prison.

The court in the southern city of Klagenfurt determined Wednesday that the ex-general, Vladimir Zagorec, and Guenter Striedinger were involved in diverting loans from the now-defunct Hypo Alpe Adria Bank. Striedinger was a bank board member.

Judge Michaele Sanin said the damages caused by the two amounted to over 17 million euros ( $18 million.)

The bank was nationalized to prevent bankruptcy in 2009 and its assets are being sold to pay off creditors.

Lawyers for both men say they are appealing the verdict and sentence.

A third man whom the court did not name also was found guilty and given a suspended prison term.

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Workers’ Compensation Subrogation of Administrative Fees and Costs

When a worker covered by workers’ compensation makes a claim against a third party, the workers’ compensation insurance retains the right to subrogate against any recovery from that third party for all benefits paid to or on behalf of a claimant injured at work. When subrogating for more than basic medical and indemnity benefits, the Texas workers’ compensation subrogation statute provides that “the net amount recovered by a claimant in a third‑party action shall be used to reimburse the carrier for benefits, including medical benefits that have been paid for the compensable injury.” TX Labor Code § 417.002.

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