1928 Liechtenstein embezzlement scandal

[1] Starting from 1926, leading members of the Christian-Social People's Party, Franz Thöny, Anton Walser, Niko Beck, and Rudolf Carbone embezzled funds from the National Bank of Liechtenstein for various speculative transactions.

[1] Once the scandal came to light, the opposition Progressive Citizens' Party demanded that the government of prime minister Gustav Schädler immediately resigned, the Landtag be disbanded, and that all individuals involved are investigated.

[1] Schädler was not barred from re-election, but the 1928 Liechtenstein general election resulted in a win for the Progressive Citizens' Party and he was succeeded by Josef Hoop.

[1][7] In 1931, an indictment was conducted against Schädler in the State Court of Justice for violating supervisory and official duties in the administration of the savings bank.

[7] In 1932, a similar indictment was laid against Wilhelm Beck for violating supervisory and official duties in the administration of the board of the directors of the National Bank of Liechtenstein.

[3] The Christian-Social People's Party accused government councillor Peter Büchel of being complicit in the scandal, but he immediately demanded an investigation and was acquitted of all allegations.