Udo Proksch

Fraud was suspected; but investigations were obstructed by powerful Austrian politicians who were friends of Proksch.

[4] In 1988, Proksch fled to the Philippines after Hans Pretterebner published a book about the scandal.

In 1990, Lucona was located by American shipwreck hunter David Mearns, who discovered that the ship had been sunk by a time bomb.

The ex-minister of foreign affairs was sentenced for forging documents authenticating the cargo.

The minister of defense Karl Lütgendorf, a shareholder in the Proksch firm, had given permission to deliver explosives to sabotage the ship; he killed himself when his role in the case became clear.