In 1976, he took over the financial company
Robert Placzek AG in Vienna, founded by his father, Chaim Schlaff, and partners. The firm traded with goods from Eastern Europe, mainly wood, cellulose and paper.
Casino in the West Bank After the fall of the
Iron Curtain, Schlaff had to reinvent his business models. In 1998, he opened a casino and a hotel in
Jericho, a Palestinian city on the
West Bank. Named "The Oasis", it was aimed at guests from
Israel, where gaming is not legal. The project was partly owned by the
Palestinian National Authority. The project was immediately a huge financial success - for the founders as well as for the community. The casino was closed during the
Second Intifada in September 2000 and never reopened.
Mobile phone companies In the first years of the century, he has purchased Bulgarian
Mobiltel, and resold it after several years of restructuring for big profit. Similar deals were thereafter executed in two other emerging markets, but with less profit. After restructuring the companies, the Serbian
Mobtel was sold to
Telenor, a Norwegian company, and the Belarusian
Velcom was bought by
Telekom Austria. The profits from these deals were subject of envy, bitter controversies, and criticism in Austria.
RHI Magnesita In 2006, a foundation attributed to Schlaff bought about 6% of the shares of RHI AG, the world's largest supplier of refractory products. By September of the following year the MS Privatstiftung already owned 26.47% of the shares. In 2016, Schlaff intended to install
Christian Kern as CEO of the company, but Kern recused himself when his party nominated him to become chancellor of Austria. Also in 2016, Schlaff managed the merger of RHI with a major competitor, the Brazilian
Magnesita. While the headquarters of the company remained in Vienna, RHI Magnesita left the
Vienna Stock Exchange. The company is now listed on the
London Stock Exchange and is a constituent of the
FTSE 250 Index. In 2010, he established a bank in Liechtenstein called
Sigma Bank.
Networking Martin Schlaff is known as a skillful networker. Although a social democrat, he was also on good talking terms with conservative leaders, be it
Ariel Sharon in Israel or
Wolfgang Schüssel in Austria. Although a Jew, he was respected by Arab leaders such as
Yasser Arafat or
Muammar Gaddafi. In 1998, he helped
Bank Austria survive the Rubel crisis. Only few of his endeavours on the international level became known: • In 2001, he arranged a meeting between
Omri Sharon, a son of Ariel Sharon, and high ranking PLO officials in his penthouse in Vienna. The goal of this meeting was reconciliation in Palestine. • In 2002, Schlaff used his contacts with Ariel Sharon to help normalize the
Austrian Federal Government's relations with Israel. The Israeli Government had recalled its ambassador from Vienna, after government participation of the
FPÖ in 2000. A new Israeli
ambassador was sent to Austria at the end of 2003. • In 2007, he helped to free the
five nurses from Bulgaria, sentenced to death in Libya because they supposedly infected hundreds of Libyan children with the
HIV. • In 2010, Schlaff arranged the release of Rafael Haddad, a Jew accused of espionage in Libya and imprisoned there. Haddad was flown to Vienna in Schlaff's private jet and welcomed by
Avigdor Lieberman, then foreign minister of Israel.
Allegations and accusations At the end of 1986, after
Franz Vranitzky had ended the coalition with the
Freedom Party, he joined the
Socialist Party of Austria (SPÖ). Shortly thereafter, attacks against him began. According to Martin Schlaff, German chancellor
Helmut Kohl used him as a scapegoat in order to deviate the public attention from the miscalculations of his own cabinet regarding the costs of German unification. Schlaff's answers were: "I was no Stasi informer." And: "The hard drive business was carried out in accordance with the contract and completely correctly." Germany transferred the amount and did not even try to appeal the 500 page verdict. In Israel,
Ha’aretz published several stories accusing Schlaff of corrupt and illegal activities in several countries including Austria and Israel. None of the accusations led to criminal indictments or verdicts, neither in Austria nor in Israel nor anywhere else. == Philanthropy ==