Support Association of HTL Mödling: Bankruptcy Proceedings Requested

Funds are missing "in an amount currently unknown," it was announced on Monday. Investigations into the matter were already known at the end of last week. The school's administrative head has been temporarily suspended.

Details - especially about the total amount of liabilities and the number of affected creditors - were initially not available according to AKV. Whether a continuation is financially viable and in the interest of the creditors is to be checked by the insolvency administration. It remains to be seen in particular whether a restructuring is intended, the AKV announced in a press release.

According to the information, the Association for the Promotion of HTL Mödling deals with the operation of the student home and the catering of the home students as well as the school community. The association's activities are closely linked to HTL Mödling and have the purpose of "maintaining the community between students, parents and teachers within the framework of youth promotion".

Education Directorate Referred to Ongoing Investigations

Investigations by the State Criminal Police Office into the missing funds have been initiated. The Lower Austria Education Directorate referred to these ongoing investigations in a statement, while HTL Mödling itself did not comment.

(APA/Red)

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