The scandals surrounding Sebastian Kurz are all connected, starting with the Ibizagate scandal in 2019, when a video surfaced of Kurz's vice-Chancellor, Heinz-Christian Strache, discussing exchanging political influence for financial support with someone he believed to be a Russian oligarch. The video led to a string of criminal investigations into many Austrian ministers and corporate executives for allegedly exchanging casino licences for jobs and political favours in return for financial contributions. However it was Kurz’s appointment of Thomas Schmid as the head of a state holding company, known as ÖBAG, over which Kurz is now the subject of a perjury inquiry.
This sovereign wealth fund company is worth more than €26 billion, Schmid is a "party loyalist”, and Kurz lied about appointing him, something that was revealed through Kurz’s own leaked text messages. Schmid in turn was responsible for the appointment of Peter Sidlo, the chief financial officer of Austrian Casinos, and so the corrupt circle of influence was connected. Regardless of the outcome of these corruption inquiries, Kurz has clearly lied about not being responsible for his role in Schmid’s appointment and is clearly further involved in dishonest conduct if he is so clearly willing to deny the reality of his own statements and text messages.