Austrian watchdog finds Heta balance sheet mistakes

April 21, 2015 7:01 AM

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VIENNA, April 21 (Reuters) - Austrian accountancy watchdog OePR found that Hypo Alpe Adria's "bad bank" Heta booked provisions that were 1.16 billion euros ($1.24 billion) too high, according to Der Standard newspaper.

The OePR report is likely to be used in courts as Austria's dealing with Hypo, nationalised in 2009, triggered a complex web of controversy and litigation, mainly between Austria and Germany.

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